Great post.
In fairness the price never should have drifted all the way back to 4c last month but it was hit by a perfect storm of the nickel price plunging and death of president Magufuli temporarily heightening the sovereign risk in some investors eyes. Both these forces have gone into reverse now and Samia Hassan appears more supportive of foreign mining companies than Magufuli who was the one who trashed Tanzania's reputation in the first place.
I still have some questions around the Tsingshan supply deal which ruined the LME Nickel price and whether this will actually be a viable alternative to Class 1 Nickel. Does anyone have any further info on this?
Great post. In fairness the price never should have drifted all...
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