I think this is still an aggressive growth stock, just waiting...

I think this is still an aggressive growth stock, just waiting for the catalysts to bump up production numbers. It could take a year or it could even take two. Here are some points going forward:

1. Coal prices are expected to fall back to a sustainable level which will help the margin, even if the price of NPI falls in 2022 - Nickel Mines will be able to double production in the near term. So an increase in production will help to weather the lower NPI price if it chooses to fall. Angel Nickel Project will help massively in terms of growing the share value, it has been priced in to an extent, but when production ramps up that should positively effect the share price.

2. The sale of the limonite ore stock will help the balance sheet going forward.

3. Nickel Mines still has the advantage on price in ore material.

4. Supply and inventory of nickel keeps going down - that is with a lot of industrial currently not at 100% in China due to power shortages.

A lot does come out to the success or failure of Matte. If Matte can be done economically then this changes the entire scope of nickel. If Matte proves a failure then it will mean Nickel Mines will need to diversify into new mineral deposits which can actually be used for battery technology.