Trading day running commentary, page-4134

Hello M
I wonder have effective these green passport activities will be? Large parts of the world will just accept commodities regardless of how they are produced with cost being the only determinant. I suspect the advantage is that Jaguar production will get markets in Europe but I do not expect any price premium. The size, grade and shape of the deposits should allow production that is price competitive. Many a laterite nickel operation has gone broke due to high processing costs. What the laterites appear to do is place a cap on nickel prices. When prices rise sufficiently the laterites quickly expand production to flood the market with pig iron nickel. That being said I still am invested in a couple of sulfide nickel companies due to the higher grades and simpler processing. GLTAH