Another solid report. Most variables as expected. But I liked these two comments:
With Odysseus now having an expected mine life greater than 10 years, the potential addition of AM5 and AM6 would make Odysseus one of the few long-life, high grade nickel sulphide mines currently being developed.
The nickel market remains volatile from a pricing standpoint with outside geo-political factors putting downward pressure on the nickel price post quarter -end, from a recent three year high in June. Nickel fundamentals continue to be extremely robust, with supply deficits continuing, as evidenced by the sharp decline in LME stockpiles to around 262kt, versus a peak of approximately 465 kt in June 2015. Furthermore, high grade stainless steel demand in China remains strong, with our offtake partner, Tsingshan Group, continuing to expand production of high nickel content stainless steel.
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