They are out of time and money! Playing with side projects as per this week announcement.
They are in big trouble and trying to pivot to a plan B. There is no interested partners for Nickel. They don;t have enough resource to warrant the investment from partners.
If Nickel play was still on the table they would not be focussed on anything else. What was the pfs? 4 billion npv? why would they be playing with REE.
Over two years of waiting for partners and you still think it is coming in the next 3 months.
Vinfast walked, South Koreans walked, Europeans didn't even open the door.
They are playing with local government and diplomats that would lead to nothing
This week's MOU says alot about our Nickel Mine, it can't feed the refinery. Trying the on sale the refinery capacity to others to make it viable.
Root cause no partners is the existing mine is low grade and less than 10 years.
We desperately needed Chim Van to save us, we need Nickel.
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