Ann: BFS supports strong commercial case for developing Sconi, page-213

Remember this has been tailored to a specific single customer, not pitched to a general market with hopeful approval in mind. Resource costs of Ni and Co sulphate (not billets) /lb have been bounced off SKI with final figures being mutually agreed.

I think this is what traders/speculators and dodgy rampers have trouble accepting the most i.e., they're not used to a committed off take partner backing the process. SKI's broader commitments fat outweigh minor variances and it's how they forsee future commodity prices that matters and they will have projected huge bull runs in both elements.

This is the price they are prepared to accept for the right to vertically integrate the refined (very important) sulphates they need to fulfill what are expansive plans to say the least.