Prior to the GF crisis, the projected average nickel price for 2020 was to be US$17,100 per tonne, up 17% on 2019. However, the actual average 2020 price was US$12,765. Currently up to US$15k plus.
With nickle, 2% grade, at 15-20 mtrs is genuine high grade , 5% plus grade, at 10 plus meters is exceptional.
We have some serious hits at our ni prospects demanding further upgrades. I understand during 2013-14 when these prospects were drilled prices tanked. I know passmore has elected to pursue gold, and rightly so. I also appreciate some have been highlighting the ni story here already. Im adding support.
From now forward these ni prospects are becoming very attractive and of ever increasing value and potential... Ni increasing now at up over US15k and projected to steadily rise ..Demand predominately coming from stainless steel and china then the EV sector..An aggravate of recent PMI and CAIXIN both purchasing and manufacturing indices suggesting a gradual recovery by the end of the year, which we're already seeing. the implication for stainless steel is that the market could take two years to recover to the levels seen in late 2019.
Some experts are saying US16k plus in 2022 with long term demand stronger, however could still be some volatility at present.
We now appear to have 2 bona fide projects of real worth. Not bad for a 6 cent stock.![]()
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