zambia an inland african nation.
transport costs will suck much of the gains from credits off the bottom line.
africa isn't withought it's sovereign risk.
concentrate isn't high grade and will be lucky to get 65% of the spot price of nickel.
12 months to production adds additional exposure to market forces in the lead up to production.
i would prefer a company producing within the next 4 months.
cheers
zambia an inland african nation.transport costs will suck much...
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