Is this an assumption or what are you basing that $$ on? Also, the price nickel is trading at in 25/26 is irrelevant.
The price nickel is trading at today and over the next 12 months is what is crucial when it comes to finance.
Do you think Qpm would be allowed to release a DFS with a $25k nickel price when spot is $20k? And if they did how would the market react? Not positively that's for sure.
Companies DFS figures need to be conservative. I'm surprised I am the only one saying this.
People don't want to admit the fact the spot price of nickel is crucial to a nickel refinery.
lol
Associated News, page-799
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