Indonesia needs nickel at $18k to $20k. Largest always have problems with cost controls, small should have better controls in place and scale up. When axiom and sumitomo applied for MLs (jejevo/Kolosori/SJ)in SI and submitted their financial studies nickel was trading between $12k and $15k. Both companies wanted to go ahead with mining. all the smart people on PNM board did not see the trend? Maybe CEO should cut back on all his super expensive consultants. He only has one project not two. Maybe with U$22m CEO should've buy equipment internally and run the project internally with the local team. Cheap Chinese equipment would last 3 years.
PNM Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
