STTCOMP CTM TA LONG
Mkt Cap Approx A$155m
SOI 500m
Yes its in the nickel space in Brazil, but the chart is setting up beautifully for a crack at 52 cents area.
Now the Chinese have busted the OZ nickel market, surprise surprise the Ni price is rising.
Only needs to reach 41 to be a win in the ST comp.
On the FA side, DFS is around the corner Q2, there's no downstream processing anymore (no POX circuit) so the risk is reduced as they are only going to produce Ni concentrate. Capex way less.
Offtake under discussion with Nth American and Europe flavour, less likely Chinese.
Today it closed above 32c which was the Feb 10 high.
Top 20 tight as a drum for well over 12 months.
STTCOMP CTM TA LONGMkt Cap Approx A$155mSOI 500mYes its in the...
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