Just want to add: The relatively low sensitivity of project cash flows and returns to the nickel price is due to the fact that pricing under the ore supply agreements and offtake agreements is linked to the same benchmarks (one for nickel and one for cobalt). The TECH Project does realise higher returns when prices are higher (and conversely, lower returns when prices are lower) but it is by no means a 1:1 relationship.
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Just want to add: The relatively low sensitivity of project cash...
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