G88 8.33% 1.3¢ golden mile resources ltd

I tend to agree, but ...careful what you wish for there, Bluey.I...

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  1. 4,079 Posts.
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    I tend to agree, but ...careful what you wish for there, Bluey.

    I think nickel demand will easily take care of itself, and we're seeing plenty of supply getting stripped out of the market now as many top-of-the-cost-curve producers go underwater.

    Probably some of them shouldn't have been in production for a while, and probably won't be again.

    At any rate, you don't want to be a producer right now. But for where we're at, we should be happy to see production coming out of the market.

    It's a story as old as time that the cure for low prices is low prices, and we'll see a rising cycle soon enough.

    Meanwhile, these are great times to be getting project-ready, and for timing the next cycle.


    At the same time, must say I'm excited to hear our CEO talking about targeting "re-engineering projects".

    That's to really play to Damon's strengths, and I'd like to think that there may be more than just a few otherwise 'stranded assets' out there, in who knows what commodity, that may come to us precisely because of his exemplary track record in turning projects around.



    Last edited by Nowhere Man: 19/02/24
 
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