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11:59
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Originally posted by Redpapa
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My view on POS is this. Given the position of the company in its life cycle, its value is now more aligned with Ni price more than ever before. What's been happening to Ni of late is purely a knee reaction to the data that is coming out of China. Demand is slowing. We know this. But it is slowing quicker than anyone would have thought. But it's still a beast of an economy. It's growing 7% (set to be USD13T for 2015; perspective: Australia's GDP is circa USD1.56T). India's GDP is circa US$1.8T and is tipped to go through an economic shift from lower to middle class, similar to what China went through the last 20 years. Ni will see the benefits of this.
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Don't forget care and maintenence costs for 3 sites, including two mills. It may be 12-18 months down the track before POS gets another shot.
(20min delay)