Bit of an over reaction to this I thought... Trial shipments were negotiated a fair while ago, and shipments are now negotiated a month and a half before the quarter, so our product prices will be lagging behind the benchmark price.
I thought the Nickel project acquisition/ involvement was interesting and remembered Nauru and surrounding islands are loaded with Nickel. Did a bit of digging around while I wait for the race tonight and was quite interesting. They mention "low production cost" as their main focus, which would not rule out a high Capex project. Maybe Mencel has a few contacts in Nauru throwing a few options across his desk?
CXM Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
