incredible draw down in nickel inventories. lme nickel stock at 117000 tons. with the bans on indonesian nickel exports PM1 has done well to lock in supply from New Caledonia. this importing of ore for the proposed DNi plant does away with mining which is a massive positive as we dont need any water for a mine in Nth Qld where water might be an issue. when these battery factories all come on line their will be NO class 1 nickel inventories on LME. as ive said many times once PFS is released PM1 can start to talk off takes and run samples thru demo plant. the world is going to need nickel sulfate by the bucket loads and PM1 is in box seat to become Australia's next producer.
PM1 Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held