Day Trading June 16 - Morning, page-77

yeah current CO price is around $10.50/lb compared to copper at $2.20/lb so in terms of project viability 0.3% CO is quite a good grade when you're essentially multiplying by 5 for CuEq.

The CO price, as you mentioned is likely to rise over the next few years also.

The major supply risk though is that the higher CO runs, the more nickel laterite projects that are likely to become more economically viable and/or push expansion of the current supply. So there is some risk built into that price.