RE: Strong PGM grades -KultsiWhile I think metal "analysts" will be the first against the wall when the revolution comes (just how long can they be wrong and still keep their jobs?), the unfortunate reality is that "smart money" Fund managers do pay attention to them.
And since there are no forward markets in Moly or Tungsten, it is very difficult to fund mines without really slam dunk economics to convince the idiot bankers and institutions. And ND is unlikely to be a slam dunk due to modest grades and northerly location.
If Largo insiders were being candid, they'd tell you similar things. With the Galore Creek fiasco, coupled Shaft Creek issues, Ruby Creek cstr on "hold", Taseko's Prosperity FS a clunker, Kemess North down the tubes, and Yukon Zinc's inability to finance, the entire area is getting a very bad rep.
And even if ND is viable, they are late to the party. There are half a dozen bigger mines ahead of them and a slew of properties at the same size and stage. Only the bravest of investors would take the risk to put it into production without the ability to lock in prices. In this market, those investors don't exist.
But Largo doesn't need ND to be a success or a multi bagger. I give zero value for ND and actually consider it a negative as they are spending dollars on it that I consider the equivalent of burning money. My only consolation is that the FS will soon come out and that will be the last we hear of it.