NIC - General discussion, page-512

The NPI price has been low at around 15,000/T a year ago. NIC margins has been able
to beat it by lowering cost of production over the years from 15,000/T to now just 9400/t.
Comparing this to Class 1 Nickel, Its only been 2023 that price went down from 32,000 to
16000/t spread over 1 year. 2024 will be the reckoning of Class 1 Nickel producers. It won't
be long before half of them will throw the towel. Once you put a mine on C&M , it may stay
there for years as it costs a lot to restart it. But NIC will be the last one standing,.
I just realised Justine brilliance, I did not like the ENC project before as it costs too much but
gosh NIC have this Cash injection from UT industries funding half of ENC project attributable to it
already, That is our biggest advantage from those HPAL plants that got on hold. They didn't have
the funding but we do.DYOR