Good report. The only question I have is in regard to table 5 and the nickel price assumptions. And this is in advantage to time.
The nickel price is still rising, but at a much lower gradient than assumption. The "Forward Curve assumption" that POS is assuming starts in 2023 and goes for 3 years, according to note 1. It averages about 12.35US$/lb. Problem one with that is no production in 23. Second problem for me is the following 3 years are at an average of 10US$/lb, under Management Forecast. (Note 2)
It seems to me that we have started to early on forecast and its back the front.
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- Ann: Half Yearly Report & Accounts to 31 December 2022
Ann: Half Yearly Report & Accounts to 31 December 2022, page-2
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