QPM 2.63% 3.7¢ queensland pacific metals limited

Sorry I must have misunderstood.I though you were saying that we...

  1. 921 Posts.
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    Sorry I must have misunderstood.
    I though you were saying that we are not very exposed to the nickel price since we simply add a % value by refining into sulfates.
    But since laterite ores are so cheap compared to Ni spot prices (~70-75% discount to contained Nickel) and sulfates command a healthy premium (35-40%), the TECH project is very sensitive to Ni spot price due to the extreme margin that we are capturing.
 
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