We all know how good ARL has it with cobalt. However we are...

We all know how good ARL has it with cobalt. However we are primarily a Nickel asset.

I found this price projection in a presentation from a different Nickel explorer, and thought it would be of some interest.

(Make what you will of the Cobalt forecast, which seems off to me, given everything we know - EV and battery uptake...DRC...)



Should the image not show, it shows a 57% increase in the Long Term price of Nickel to $22,000 per tonne, from $13,950 today.

Sally_Will's excellent post  ( https://hotcopper.com.au/threads/bhp-arl.4141561/page-43?post_id=33328553 ) showed the following IGV estimate:

Cobalt IGV. = AU $   48,000,000,000
Nickel IGV = AU  $ 101,000,000,000
Scandium IGV = AU  $   55,000,000,000

For an IGV, before all other in-ground mineral credits, of circa $200 billion.

Let's just play with the idea the LT Nickel (and cobalt) forecast comes to fruition. The above table looks something like:
Cobalt IGV. = AU $   23,000,000,000 (approx)
Nickel IGV = AU  $ 158,000,000,000 (approx)
Scandium IGV = AU  $   55,000,000,000

For an IGV, before all other in-ground mineral credits, of circa $236 billion.

TL;DR - A number of posters have questioned the ability of Cobalt to stay at these prices (I am not one of them). But a likely strengthening LT Nickel price should more than offset any possible weakness in LT Cobalt prices for ARL.