Nickel price assumption in QPM's FS was US$25,000 and it's now around $17,500? Too many good nickel mines in Australia are shutting down or struggling. Not a good environment to build one from scratch, especially when stage 1 capex is $2bill. No end in sight for low nickel prices either and I think it will take a sustained higher nickel price to finance something of this size. As for the HPA, as far as I know, only A4N appears to have proven it can do it well and do it profitably.
I bought a small trading parcel in A4N today so disclosure shows held. This stock made me a lot of money a few years back and so it remains a favourite of mine. Still hoping to get back in with a much bigger stake at some stage if I don't miss the boat. I'm surprised it didn't go up more today.
Ann: Projects Update, page-63
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A4N (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
86.0¢ |
Change
0.010(1.18%) |
Mkt cap ! $869.6M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 87.3¢ | 83.5¢ | $995.3K | 1.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6755 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 10625 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| A4N (ASX) Chart |