Nickel price is set to rebound. BHP mines closing all over WA.
They are not a high cost/marginal producer, compared to say PAN who went belly up.
If you can extrapolate this situation throughout the world many other operations will be closing up shop. There is a lag between prices and supply. Now we are seeing an overcorrection downward.
Restarting production is always much slower than shut down. See PDN in Uranium for example
This U bull run has many years to go, we have a PRIME PROVEN U asset others would love to acquire for peanuts. We also have the option of spinning off our Nickel business when Ni bounces in the short/mid-term to provide extra cashflow.
Look forward not backward, logical not emotional, and you will be profitable.
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