I think the DFS assumes $20k USD nickel price which is probably where it is now taking into account weaker AUD. I don’t trust the DFS is necessarily accurate or the nickel price to remain where it is (remember this happened in 2016 - just look what happened after in 2017!).
They have constantly said they are looking for a capital partner so I assume there is just limited interest. I’ve not done the research, but surely there are other dormant pre-feasible projects out there with as much if not more potential, perhaps in parts of the world with cheaper labour.
Let’s deal with Nifty first and allow the stabilise the SP closer to fair value before doing any CRs for Wingellina.
MLX Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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