NP is still us$7.16 lb or aud$23,677 NP is still above the...

NP is still us$7.16 lb or aud$23,677

NP is still above the fabled $23,000 the CEOs mentioned for years here that was needed for restart go ahead and its been above it for years now since 2021 and still no restart.

Nickel Price
15,780.55
+124.37
+0.79%

So whats the moral of the story then = NP is IRRELEVANT to POS SP & always was.
Its all about the deals, assets, costs and capex & always was.

POS SP goes up when deals are done, offtake or restarts are progressed and market thinks revenue is incoming. POS SP is flat or goes down when they hit Ni drill hits & increase Ni JORC.

But this time its GOLD and market expects NO GOLD AT ALL here.
Market hasnt researched very well, GOLD is here in abundance and all over the place & always has been for 50 years even try 5B years.

Market doesnt expect any GOLD nor any deals nor any revenue or MILL use at all.
Encore clearly disagrees and sees moneybags.
Yet with MCR SBM SLR PRU SAR it ran these a 10 x MBer from lows when they found GOLD and started producing it from nowhere.

Not a difficult move from these lows and a few 100M traded imho.