agree MK however the only silver lining to take is that the US flagged that as part of their inflation reduction act / critical minerals Indonesia is not included as an approved country. note Indonesia supply of nickel flooding market atm
I feel like with other key resources (nickel being one) we COULD see governments imposing certain restricitikns which would benefit Aus companies.
the current viewpoint of NC1 is that the PFS was based on a nickel price of circa $21k per tonne compared to current spot of $15-16k per tonne (6yes lower hit not disastarous)
costs of the project could improve as the BHP mine j n the area improves infra/electricity/access.
Nico flagged DFS partner/partners...hopefully we get some news of this in Q1
Ann: Nico 2023 AGM Presentation, page-16
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