I keep an eye on the NPI iron price in China. If I believe the site I look at, it is ca. US$22k/t nickel content, well above the current LME Ni price. I expect there are costs that need to be subtracted such as shipping etc., but assuming that cost is 10-15%, that still delivers a very nice margin. The recent NIC announcement talked about great margins, so my approach is to sit tight. I'm fully loaded on NIC, otherwise I would buy more. At this price, maybe I will.
Ann: Angel Nickel Project Ownership Increased to 80%, page-11
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Last
81.0¢ |
Change
-0.020(2.41%) |
Mkt cap ! $3.471B | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 79.5¢ | $6.235M | 7.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 556720 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 65592 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NIC (ASX) Chart |