Ann: Potential for Direct Reduction Pellet Feed from Jambreiro, page-5

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Bedroomdoor

72 Posts.

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12/03/24

12:47

Post #: 72851802
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Originally posted by Abacoolloo: ↑

My initial response to this was “oh no, yet another change of direction,” after the nickel debacle, which IMO makes them seem a little aimless, although I am all for adapting to the times.
As for Jag, were they a bit hasty in putting the full DFS on the back burner especially with Ni prices gaining strength after the announcement? Aren’t we more concerned with what prices will be in 2027 (assuming no more delays)? Surely you would continue with the balance of the DFS in anticipation of a recovery of Ni price and have everything ready to go rather than halt that part of it and avoid further delays, after all I’m sure a lot of money has already been thrown at it.

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Kinda feel like a dog chasing its tail atm, with Iron ore price coming down wonder if they do the same to this plan in the near future.

CTM Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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Ann: Potential for Direct Reduction Pellet Feed from Jambreiro, page-5

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