Maybe close to the mark that $9/lb. All can see the absolute shower of shyte continually being served up by the asx listed nickel oxide plays despite nickel in the $6-7 range. Almost unthinkable that the EV nickel demand will be plugged by sulphide only so the fact these are struggling at current prices gives that estimate some weight. Of course those nickel oxide peers need about 5 years to reach full production so plenty of fun in the sun for a well placed nickel sulphide company....
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