I agree, the future for Nickel is looking promising.There is...

I agree, the future for Nickel is looking promising.

There is already movement by some local Nickel mines to return to production after a very long down turn and oversupply caused by replacement of quality Nickel with cheap Nickel Pig Iron and the Chinese Qingdao Port scandal exposing large unreported stock piles a few years ago.

There is an expectation for new demand for high quality Nickel for batteries where Nickel Pig iron can not be be used. The surplus Nickel stock piles have been quickly declining as many mines went into care and maintenance or shutdown. Traditional Nickel demand from Stainless Steel production increasing and expected to continue from new demand by EV's along with the 8-1-1 tech in the future. A deficit is forecast by 2019/2020.

Panoramic Resources (PAN) are now restarting their Savannah project and Andrew Forrest has recently backed a $72M raising for Poseidon Nickel (POS) to re-open the ultra high grade Silver Swan mine in Western Australia. There has been interest from overseas buyers in class 1 Australian Nickel projects with private Canadian firm Black Mountain Minerals with links to NGP Energy Capital Management. Black Mountain Minerals recently purchased PAN's Lanfranchi project and has also heavily invested in Poseidon now holding close to 20% of the register.

As Nickel price recovers and Nickel projects around the world return to production there will be more Cobalt as a by product adding pressure to Cobalt pricing.

It will be interesting to see what CLA's SS provides for production costs. Let's hope there is plenty of meat on the bone...