Associated News, page-1059

The infrastructure to convert it is not in place. Realistically we are currently somewhere in the middle of a global crash brought on by a buying power collapse driven by really really really stupid policy during COVID. Our productivity sank through the floor while our buying power increased.

As this starts to turn we will get back on track with the electrification or lack thereof story. At present it seems to me that while Indo may have potential to be a huge producer, they really wont be bringing enough online to flood the market if demand forecasts eventuate which in my opinion they seem set to with both Indian and african steel demand forecast to explode as well as the obvious battery requirements. Any constriction in global supply from more geopolitical strife (like ukraine for example starving a lot of the market from Russian nickel) and suddenly QPM becomes a very strategic play for the Americans and their band of crony countries.

If the Indonesians are actually dumb enough to flood the market then joke is on them as QPM is really an arbitrage play based on discount contracted ore supply and margin based offtakes. We dont have or sell ore, we make margin processing it which will always have some value. Cobalt and HPA etc have the potential for diversification as well. All these contracts are in place presently though who knows the real numbers.

I personally dont think our country really supports anyone in finance with a brain developed enough to have more foresight than the daily nickel price so I kind of agree, it will greatly impact financing, and will likely drive our final investor register to be overwhelmingly unaustralian. But just because our pathetic excuse for a government isnt supporting us doesent mean others wont. QPM is a very attractive prospect if it can jump over a couple of key hurdles...