Interesting from Howard Klein: [IMG] September 15, 2020Issue 61:...

Interesting from Howard Klein:

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Column 1 0 September 15, 2020Issue 61: A Nickel for Elon's Thoughts​ The $30B nickel market is 10X larger in dollar terms than the lithium market. And at least twice as much nuance!Since Mr. Musk's July 23 plea..."please mine more nickel…and don’t wait for nickel to go back to some high point that you experienced some five years ago, whatever…Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way.”...select pre-production nickel hopefuls have attracted some speculative capital.

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Column 1 0 A problem for Tesla is that it's actually been 10 years, not 5, since nickel prices were at incentive pricing to justify new investment. Nickel price today: ~$15,000/t, $6.75/lbIncentive price: ~$20,000/t, $9.00/lb​ Will Elon Musk give a “giant contract for a long period of time” at a 70% premium to last five years average nickel price?!As I survey the nickel space I am cautious seeing many repackaged, low grade, high capex projects w/ "optionality to rising nickel price" #PumperNickelTo find a high grade, class 1 nickel greenfield in a Tier 1 jurisdiction, w/ low capital intensity, high IRR & economic at CURRENT prices = #NirvanaNickelTalon Metals, in Minnesota, USA partnered w/ Rio Tinto is one.

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0	Column 1 0 Click here for Issue 61: A Nickel for Elon's Thoughts​

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0	Column 1 0 NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. READ DISCLAIMER​

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