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5.94%

47.5¢ sunrise energy metals limited

Nickel is going absolutely ballistic, page-4

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You3OAte

6,451 Posts.

1191

30/01/19

17:32

Post #: 37268782
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Originally posted by You3OAte: ↑

True statement blackey, for the period 31-Dec-18 to 19-Jan-19, LME nickel has increased from $10,590/t to $11,880/t for a gain of 12.2%. However, in the same time period, LME cobalt has decreased from $54,500/t to $34,000/t, for a loss of 37.6%. Both prices need to be considered when valuing Sunrise/CLQ. No?

Assuming Sunrise generates 56.5% of its revenue from nickel and 39.5% of its revenue from cobalt (as per DFS), the weighted average impact of nickel and cobalt price moves over the last month means that the project's revenue generating potential has decreased, in a single month, by approximately 8%.

The nickel price is encouraging but the cobalt price is destroying that value-add.

The revenue generating potential has dropped significantly more than 8% if one uses the DFS pricing as the basis.

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Apologies, I've noticed a small typo in my original post. The period is 31-Dec-18 to 29-Jan-19 (not 19-Jan-19).

CLQ Price at posting: 40.5¢ Sentiment: None Disclosure: Not Held
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Last 47.5¢		Change -0.030(5.94%)		Mkt cap ! $41.05M

Open	High	Low	Value	Volume
45.5¢	50.0¢	44.0¢	$20.40K	44.78K

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No.	Vol.	Price($)
2	2560	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	563	1

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No.	Vol.	Price($)
2	2560	0.450
2	8199	0.440
1	12000	0.430
1	3673	0.420
2	14597	0.400

Price($)	Vol.	No.
0.475	563	1
0.480	26898	3
0.500	290	1
0.510	10000	1
0.515	7200	1

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