Whilst USD$50k/t is the current price, the general consensus is...

Whilst USD$50k/t is the current price, the general consensus is that PON will not stay at these levels for 8+ years. I do recognise though that a high price during those initial years will significantly offset many latter years of lower prices.

Secondly, also remember that the Dec05 feasibility study was conducted with fx of $0.735 (if I remember correctly), so current fx of 0.82 will reduce the NPV.

However, on the positive side, I agree that there's plenty more of Ni to be found, that should see a plant expansion or second plant. I also love to see some of that "20% more nickel than predicted" factor, as observed during the trial milling, when production milling starts.

CCL
dyor