People don't understand the importance of incentive price when it comes to financing alot of these projects.
All one would have to do is look at the uranium and copper sector to gain some insight into what happens when spot price drops below the incentive price.
"If the Indonesians are actually dumb enough to flood the market then joke is on them as QPM is really an arbitrage play based on discount contracted ore supply and margin based offtakes."
HPAL and DNi is essentially the same, DNi is just a more ESG friendly method. They both take the same scrap ore and turn it into sulphate and they both do it at a lower cost than traditional methods.
So Indo can flood the market and still make decent profits while at the same time sulfide mines close because they become uneconomical.
Why do people think qpm has shifted it's focus on the gas deal so much?
Come DFS Qpm will have to do financials based on $30k cobalt (almost half the price as pfs) and potentially a $20k nickel or lower (if they want to be conservative)
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