I don't think there is any High Risk at all. NIC is Profitable at the lowest Nickel price
it is thrown upon. The Balance sheets is Robust. Now the thing that struck me is.
They are applying for a 22 million Tons/Year Quota permit to mine Hengaya.
11 Million is solely for ENC and a dedicated Slurry pipeline to Direct supply it.
Wow, how can you beat that. ENC will become the lowest ever Class 1 Nickel Producer
capable of Producing, Cathode,Sulphate,MHP. That 11 million T of Limonite will produce
100Kt to 120kt Nickel. More than enough to cater ENS Phase 1 and eventually Phase 2.
And to top it up, ENC will be using third party Solar Energy. I top in at 70c. No brainer for me.
Happy to accumulate. DYOR
Ann: 2023 Annual Results Presentation, page-10
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