King for a day perhaps.
Grades are only part of the equation.
At current cut throat prices there is probably no nickel producer in the world which has a profitable operation - witness the closures, mothballing etc.
At these prices you would need impossible grades to make a dollar.
However when the supply/demand balance tips in favour of demand and prices are buoyant then grades become progressively more irrelevant - because then prices are king.
The big question is - is there metal in the ground? If yes then the rest is just trivia.
As you know I do not buy the concentrator stuff - too expensive to build and too expensive (in oz) to operate and too messy.
As prices firm then so will the case for a dig it and ship it operation.
Anyway we need not bother ourselves - the big players will have had all this worked out and decided pretty much from day one.
No investment advice here.
CHN chart, page-6546
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Last
$1.58 |
Change
-0.040(2.48%) |
Mkt cap ! $612.6M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.61 | $1.52 | $6.492M | 4.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49513 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 26950 | 4 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.040 ( 2.47 %) |
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| Open | High | Low | Volume | ||
| $1.59 | $1.59 | $1.52 | 866185 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| CHN (ASX) Chart |