NP UP again now $7.74 uslb holding above the prior pivot 7.60 &...

NP UP again

now $7.74 uslb
holding above the prior pivot 7.60 & looking at 8.00-10.00 retrace imho.
NICKEL Price

17,061.50
+78.00
+0.46%
03:48:20 AM MI Indication

NP is way above the $4.90 in the prior BFS 2022 and way above the prior CEOs profitable restart targets of 6.00-7.00.
Still even when the NP went to 45, the CEO here did not restart the production unlike MCR PAN yet now in hindsight those high capex expensive high cost restarts caused their current malaise.

If POS had restarted like PAN MCR did, its costs would likely be around 3.00 now so still profitable,
i calculate this due to lower AUD$, higher grades by 15% to 0.72% at BS open pit, low capex, already built staff camps (unlike MCR PAN), larger MILL (unlike MCR and larger than PANs), open pit (unlike MCR PAN), lower staff costs now due to 5000 sacked workers plus low capex and surface dozing

PAN got hit with large capex, mill capex and shutdown plus costs exceeding breakeven & Trafigura offtake debt
MCR got hit with NO MILL, large staff camp capex $200M and counting, higher tolling & transport costs from BHP

POS got no tolling costs nor transport costs, the MASSIVE MILL is on top of the mine
POS got NO DEBT
POS got no large capex, its pit is dewatered and drill drives readied over last 10 years.
POS already got staff camps and buildings/toilets, dont need $200M like MCR did
POS got no offtake debt unlike PAN

POS worth way more than PAN MCR WSA combined imho all for a paltry $26M MCap.
Been saying for years here, POS can profitably produce at ANY NP

Soon POS gets its new big boy holder (MD) and all is revealed.