Your enthusiasm in digging up info for this stock is awesome mate, love your work! Hey, remember what I said a while ago about these guys...
'I think the Chinese will fund and idle the Munali project along quietly for as long as it takes for the metals market to bounce back a little and then all of this will be a distant memory....Just my 2 cents worth
Fully commissioned, functional product producing mines dont grow on trees and for the most part take 3-5 years to have drilling assays, countless testing, seismic graphs, geological reports + surveys done etc etc before they even turn the first bit of dirt.
The amount of dollars put in to get it to where it is now is mind blowing.
The Jinchaun group wont let the mine die IMHO...'
Well, contrary to what some knuckle dragging,intellectual feather weights have said of this stock, this was always going to happen. Question is now, where will trading begin on day 1 of its new life??
I believe, based on the up-trend in nickel prices + all the hype & inevitable pissing competitions that will take place on here & in the markets about ALB mysteriously rising from the dead, we should see an entry price soon after its re-birthed in a jesus like fashion, of around 10/15c.
Clearly, now that the chinese run it, it will be full of local and imported labour, engineers etc etc. It will be producing high grade nickel literally on the smell of an oily rag.
Price of nickel + crazy low overheads = profit. Even with a small to modest output in tonnage p/a, they are set to win big time now.
It will be 100% operational, but only costing around 1/4 of what it was costing 4mths ago.
Just that alone will drive the price up. Lets see if im right again...
10 bucks says I am, u in?
ALB Price at posting:
3.9¢ Sentiment: None Disclosure: Held
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