Nickel Boner Update, page-5870

Meanwhile in the real world

NP sharply higher to $7.70 uslb
UP 2.7% last night

NICKEL Price

16,975.00
+448.50
+2.71%
02:14:20 PM EDT 4/2/2024 MI Indication

NP has not collapsed as many doomsayers predicted
NP has held up well above the prior POS figures for restart 6-7 and the AISC BFS 2022 of $4.90

Also its well above the TB AISC figure of $3.30 uslb I have assessed on here since the AUD$ dropped away 20% and the Ni industry collapse in late 2023 creating 6,000 Ni vacancies at way way cheaper wage rates, maybe even 35% cheaper than before.
I remember that 1MT of ore sits on the ROM pad already mined and stocked ready for milling at even lower costs as mining costs dont exist. Also the HG ore from GS & SS at 4.1% to 9.1% also awaits and this if mixed with the stockpiles will create very low costs.

Once again the POS management ignore this reality.

Ive said since 2014 on here, POS can produce profitably at ANY NP,
the issue has always been flaccid management and our backstabbing top 3, but these are in the process of changing imho.