Nickel...Cobalt and Copper prices continue their positive moves as iron ore falls last night a further 8% ..the Electric Car Battery Drive continues forward demanding more nickel, cobalt and copper ..cobalt is required in the magnets for the electric motors ...while the new electric cars engines require twice as much copper as petrol driven engines . Time is the friend of good companies and of solid building trends ...who will win..IGO ..Twiggy or BHP...IGO is structured to build on its production for batteries ...while Twiggy and BHP heavily dependent on Iron ore are facing falling price and falling demand from China for Iron Ore ...China is building more electric cars by far than any other country ..China needs more nickel ..the WORLD needs a lot more nickel...Yes the real winner is THE RISING PRICE OF NICKEL,COBALT AND COPPER AS THE WORLD ELECTRIFIES ALL ITS CARS ,BUSES, VANS ETC......and the desperate drive of Twiggy and BHP and MANY others miners to building on copper ,nickel or cobalt.... and above all focusing with laser like determination on Nickel.
We face an enormous drive for nickel with an upward valuation of all nickel mines ..WSA has a a fair value of Almost $16 dollars from Simply Wall Street Analysts almost 80% above the price of of WSA ..indeed WSA is one of the companies with the highest disparity of Price from Fair Value .
I say.. YES BHP..YES IGO ...AND YES TWIGGY ...BUT WHAT ABOUT ALL THE OTHER INTERNATIONAL MINERS WANTING MORE NICKEL ...WHO ARE ALSO LOOKING FOR GOOD VALUE WITH BILLIONS OF DOLLARS TO SPEND ...DON'T BE SURPRISED if WSA ENDS UP WITH A LOT MORE SUITORS WHO HAVE A LOT MORE DOLLARS TO SPEND!!!! THIS IS VERY EARLY DAYS FOR THE PROCESS OF MERGER,ACQUISITION OR TAKEOVER FOR NICKEL MINERS ....ESPECIALLY FOR ONE OFFERING SUCH A DISPARITY BETWEEN PRICE AND FAIR VALUE AS WSA.
WSA Price at posting:
$3.07 Sentiment: Buy Disclosure: Held
