Hi MtnMusic Maybe some nickel news about today that's right up...

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29/11/23

15:31

Post #: 71172766
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Originally posted by MtnMusic ↑

Thanks @pattyr.
Hmm, our AFS put our 1.6m wmt/yr ore supply and transport costs at AUD $176.5M, which equates to AUD $110 or USD $72 / wmt at current exchange rates.
From the FT article, local Indo ore was at USD $5 / wmt! and now at USD $20.
Clearly a price advantage/result of BRI/unsustainable for preserving ore reserves long term.
Philippine ore at USD $65 / wmt is more in QPM's ball park. The shipping distance looks around the same to Morowali as from NC to Townsville.

Here's a similarly interesting read on the Philippines nickel industry and it's efforts to move up the value chain:
https://issuu.com/brimblepublishing...kel mines operating,Acid Leach (HPAL) process.

It contains these two graphics which shows the ingenuity of QPM's Direct Nickel process (and subsequent hydrometallurgy) for it's ability to process limonite & saprolite, also avoiding multiple processing steps (often involving significant transport between each):

Early QPM presentations had a variation of this (March 2021 below):

Maybe a re-tweak of the message is needed in line with a back to basics or 'more macro' call of late.
Add typical locations to the traditional steps, to highlight the lower transport/carbon footprint of the TECH's one stop shop solution?

Those who watched the conference livestream may recall WA1 Resources who preceded QPM had their MD spend a good deal of time detailing the industry context for their niobium project, which sets the scene up nicely for the sciency micro stuff.
Take a look at BHP's home page to see saturation ESG messaging done pretty well also.

PS. my Post #: 70969642 was incorrect - the TECH project has 10 sellable products, not eight, as per AFS p14.

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Hi MtnMusic

Maybe some nickel news about today that's right up your alley?

The vast majority of Indonesian production is of Class II nickel, such as ferronickel and nickel pig iron, or nickel intermediates. In recent years its prices have disconnected from the Class I nickel (high purity exceeding 99.8%) used to settle exchange traded nickel. The result has been growing demand for independent price references for Class II nickel.

https://www.nasdaq.com/articles/nickel-prices-rise-on-talk-of-indonesia-pricing-change

BEIJING, Nov 28 (Reuters) - Shanghai nickel prices gained the most in more than two months on Tuesday after an industry report raised the prospect of a change in the way top supplier Indonesia prices the metal. The topic of a new pricing mechanism was discussed at an SMM conference on the Indonesian island of Bali on Tuesday.

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Seems quite positive for what the good doctor S.G. has previously described as 'pharmaceutical grade nickel' aimed to be produced by QPM.

GLTH

QPM Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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