RE:RE:RE:Canada’s junior miners are loving the price spikeThe theme of this article is rational and reasonable.
Continuous high prices and the expectation that high
prices will last does create a circumstance where new
mines will open.
Small fry do not proceed normally. When a mine needs
a billion dollars to open then the way forward is via a takever.
The birth of KRR came about because the Quebec fabulous
property could not be sustained or advanced by a junior.
My guess is that new nickel mines will take 5 to 10 years
before they open. Of course, it depends on jurisdiction and
on the required capital and the proximity to roads, electricity
etc.
Chasing any junior company that has a sniff of nickel
may be a search for fools gold
Having said that, a high nickel price of say $25,000
a ton would really boost the cash flow of KRR
mat