True it will depend on how much the nickel price will stabilize to during the recovery (if this is the start of it......) and will that nickel price be enough for it to be a viable operation.
IMO, it will take longer for nickel price to recover to 6US/lb (likely 2 years) as there is no China "boom" catalyst to stimulate the nickel price, nickel concentrate consumption will remain stable but the market doesn't have the China "boom" fundamentals behind them like last time.
POS is ready, investors..., page-130
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0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.63M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $16.08K | 4.353M |
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| No. | Vol. | Price($) |
|---|---|---|
| 110 | 66704834 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 46233176 | 24 |
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| Last trade - 15.43pm 06/09/2024 (20 minute delay) ? |
| POS (ASX) Chart |