Nothing has been disclosed by the company in terms of how much of the $40k per tonne they will receive. I assume they won’t get the spot price as the refinery will want to make some $. So maybe they get 80% of spot? How much is the Ni content they will put through the processing plant 4%-7%? Run those numbers and I think you will find they will be lucky to break even.
that’s what these guys want, no clarity so they can keep the show going.
They need volume to make real $. Time will tell.
Cheapest Nickel producer on the ASX ( MC 22m ), page-577
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