with all the cost cutting changes made by PJ the C1 costs are now signifcantly lower than the sale price for nickel, some 20% lower.
production is doing very well, infact minara employees picked up a fat gold bonus for august.
to build same type of plant u would need a minimum of 2.5 billion, just look at sherrit.com and what they are doing in Ambatovy,Madagascar - 4 plus billion to build exact same type of process / plant. minara market cap only about 467 million now.
glencore have not stopped buying. a plus really that they have confidence minara is here for long haul.
nickel price is stabilising and will go higher for sure, china and india will continue growing for sure.
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