Nickel price assumption in QPM's FS was US$25,000 and it's now around $17,500? Too many good nickel mines in Australia are shutting down or struggling. Not a good environment to build one from scratch, especially when stage 1 capex is $2bill. No end in sight for low nickel prices either and I think it will take a sustained higher nickel price to finance something of this size. As for the HPA, as far as I know, only A4N appears to have proven it can do it well and do it profitably.
I bought a small trading parcel in A4N today so disclosure shows held. This stock made me a lot of money a few years back and so it remains a favourite of mine. Still hoping to get back in with a much bigger stake at some stage if I don't miss the boat. I'm surprised it didn't go up more today.
Ann: Projects Update, page-63
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Last
80.5¢ |
Change
0.010(1.26%) |
Mkt cap ! $913.3M | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 81.0¢ | 79.0¢ | $699.4K | 874.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 137 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 150568 | 8 |
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| A4N (ASX) Chart |