Nickel is still around $17k. As In my opinion Indonesia can not afford nickel prices at $10k or $12k because they have costs too. All those investment must generate return and payback .New Caledonia and Australia are high cost operations. Mainland Chinese will need ore delivers.
Kolosori and Solomon Islands are Simple DSO, Cheap to mine. 1) PNM experts in Sydney should be prepared for price falls and cautious how they approach mining 2) money % from Glencore should be reserved and used to develop Jejevo 3) shipping from kolosori should be achieved August/September 2023 4( hbs contract....company had better options! 5) barging contract .......bloke does not listen to anyone!
indonesia is also responsible for not having PFS,esia and jejevo ML??? No Suma, No SJ. All cheap excuses by PNM board since 2019.
Demand for nickel will increase. Chinese are opening new ev factories across Europe, Canadians are active too.
pnm should have two MLs by now and sending 3-4 ships per month.
with Australian supplies out, PNM in SI has opportunity. Why there are at least 4/5 Chinese companies including Lygend fighting for nickel in SI???
Nickel is still around $17k. As In my opinion Indonesia can not...
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Last
3.2¢ |
Change
0.002(6.67%) |
Mkt cap ! $13.38M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.2¢ | $13.35K | 406.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9975 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
0.002 ( 8.57 %) |
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| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.8¢ | 50000 | ||
| Last updated 14.20pm 30/04/2024 ? | |||||
| PNM (ASX) Chart |