Rising prices on rising volume; this is looking very bullish.
This is a unique asset, being development ready and, to a large extent, engineered. If you know the nickel mining industry, there are very few projects that can be brought onstream within the next 5 to 10 years . Many of them face significant permitting timeframes and study phases before you could even consider having them financed. Conversely, China is building new capacity in Indonesia, but that capacity comes with some serious problems, such as deforestation and their plans to dump their waste directly into the ocean. Frankly, I can't see many western carmakers being prepared to be part of that supply chain to source their raw materials.
We've now had that confirmed with Elon's Tesla comments on nickel & sustainability.
The entire industry is in for a huge run. A rising nickel tide will lift all boats.
CLQ is in pole position.
T.E.P.
CLQ Price at posting:
21.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)