Hi Bomber and Bonies, I'd like to question CLQ's Nickel price...

Hi Bomber and Bonies,

I'd like to question CLQ's Nickel price assumption of $7.50/lb too. It was the only number in the report that was very different to what I had initially assumed.

And the note for that assumption from Table 1 in the PFS is "Based on bank/broker long-term consensus market pricing for metal content only. Does not include premiums that are typically paid in the market for battery-grade nickel and cobalt sulphate"

So CLQ believes this is a reasonable Nickel price even without any premium for sulphate (but granted they used this price without adding a premium in the financials)

I had assumed the current Ni price of about $4/lb going forward was most reasonable. Sure, the price historically has fluctuated a lot, but given that it's largely driven by demand for stainless steel and other metallic alloys and coatings, unless we have another Chinese or world economic boom, then I can't see the likelihood that prices will increase much from here.

Maybe that assumption doesn't matter too much in the end because it just implicitly includes a premium for sulphate (Bomber, do you have a link for how you got the $2.50 premium?).

Or do others have an opinion why CLQ might have assumed a dramatically increased Ni price from current. If justified, perhaps we should add an extra $2.50 to the $7.50 price to get a $10 price for CLQ's Nickel Sulphate?

The Nickel/Nickel Sulphate price is the primary economic driver for this project, so this number is extremely important to estimate accurately.