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$1.10 new century resources limited

Good luck to them. Each of those countries would be giving cash...

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DAM-141

574 Posts.

128

29/07/20

14:00

Post #: 46154099
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Originally posted by Vector: ↑

The Century enviro liability + Goro debt. Also forgot to add the Varde debt + the deferred state royalties which would be ballpark $100M. So adding that you are getting close to A$1B.

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Originally posted by Vector: ↑

And yet building a brand new Indonesian HPAL plant moves the needle for them? From late last year when they were planning to sell Goro project and invest billions of dollars in Indonesia:
https://www.argusmedia.com/en/news/2028728-vale-to-exit-new-caledonia-nickel-operation

Vale emphasised at the investor day that it has no concerns about its Canadian and Indonesian assets and plans to ramp them up to offset the potential New Caledonia exit, which would increase the group's nickel production to 240,000t between 2019 and 2022. The company is working with Japanese mining group Sumitomo Metal Mining in Pomalaa, Indonesia, to develop a 40,000 t/yr nickel HPAL processing plant. The group also has a joint venture with Chinese partners in Bahodopi for 700,000 t/yr ferronickel project.

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Good luck to them. Each of those countries would be giving cash away to create jobs along with a long term industry. Why not take advantage of that.

NCZ Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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