GREY:RNKLF - Post by User
Post by
goldhunter11on Sep 11, 2019 9:57am
202 Views
Post# 30116239
Nickel still red hot
Nickel still red hotSpot price in London: USD 20,645/tonne, or US$9.36/lb which is quite a bit above the value assumed in Dumont Feasibility Study. Hence, there is a good chance that major producers would come around checking out NRX for a spin-off opportunity for this shovel-ready project...with all required permits are in place, and in a friedly jurisdiction (Quebec). Link blow discusses the current situation with Indonesia (export ban); the Philippines (tight supply for this 2nd largest world supplier can't call it a stable supplier); and PNG (recent spill, may result in closure of the mine).
Currently, NRX has 28% of Dumont. There was talk about an opportunity to buy back to own a total of 50%, but this has not not been confirmed (rumours say that NRX would need to pay some $10M, and the major partner would have to agree with it). If the spin-off is favourable then perhaps 28% would still be good enough for NRX share-holders?
https://www.bworldonline.com/nickel-asias-stock-price-soars-on-earnings-prospects-following-indonesias-nickel-export-ban/
GH11
-----------