these crazy prices dont even really help current nickel producers. it is a short squeeze so mostly on paper. physical will trade much lower.
looking forward to when BSX is producing, US$30,000t is a possible longer term balanced pricing imo. 50% of feed is on a fixed input cost of producing, or higher % pending further drilling. so if NCM811 price increases the margin on nickel component will expand. Even at US$35,000/t the cost of nickel in NCM811 EV for the tesla 3 is only US$1,600. i don't see this being cost prohibitive. just my view.
BSX Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
