Share
2,808 Posts.
lightbulb Created with Sketch. 753
clock Created with Sketch. 26/02/19
20:20
Share
Originally posted by ebner:
↑
There was a time about a year ago, before cobalt fell off the cliff, when projected revenue from cobalt was just about equal to projected revenue from nickel. Something in the area of 8:1 ratio of nickel to cobalt in the ore, but 1:8 nickel to cobalt price. A case can be made that it is cobalt pricing that will make or break this project, but the reality is it is the combination of the two that matters, not one or the other. $4 nickel and $35 cobalt probably won't work, $7.50 nickel and $12 cobalt probably won't work, but $7.50 nickel and $35 cobalt will work real fine, or $9 nickel and $27 cobalt, or $6 nickel and $60 cobalt, these numbers I just pulled out of my butt, but you get the drift. Calling it a nickel mine with a cobalt credit is somewhat arbitrary. They are designing to produce nickel and cobalt sulphate, as part of the same process to sell in tandem to the same customer.
Expand
I think you'll find about 2/3rds of our revenue, at the PFS price assumptions, come from nickel
