Dreadnought 2022, page-68

With Nickel pricing at 10 year highs this is a good time to keep an eye on the news from Mangaroon:

Ground based electromagnetic (“EM”) survey designed to highlight Ni-Cu-PGE massive sulphides commenced over ~12km strike of the Money Intrusion – fully funded by First Quantum Minerals (“FQM”) with results expected by December 2021.

Goldman Sachs Group last week said that a commodities supercycle has the potential to last for a decade, adding that while infrastructure spending will require large amounts of materials like steel and cement, the green revolution will also need more metals including cobalt and nickel for products like batteries.“Copper is such a strategic metal” and it “without a doubt” faces supply challenges in the coming years, Barrick Gold CEO Mark Bristow said on a panel in Saudi Arabia:“There’s been too little investment in the red metal and that’s already a problem for the sector as consumption rises. We’re in for a long solid market demand for metals.”

If FQM keeps rolling cash into Mangaroon this has the potential to be a winner for us all. If we have commercial quantities of copper or nickel we are off to the races.They are predominantly a copper miner but my guess is they want to take advantage of the scarcity of nickel in the mining world? Nickel is a key component in lithium-ion batteries. It packs more energy into car batteries which allows producers to reduce the use of cobalt, which is more expensive and has a less transparent supply chain. Elon Musk from Tesla is pleading with nickel miners to increase production. There could be a significant deficit as early as 2023.

.....Justafeeling