Nickel goes down too I always found it funny that the SherrAnon's on the board always spoke about what will happen when nickel goes up. Forgetting that nickel also goes down.
What happens when nickel and cobalt goes down, production also goes down, and fuel prices go up?
How much is the cobalt swap worth to Sherritt when the Moa JV needs to sell the cobalt to satisfy internal cash requirements?
As Contrarion says, cycles are long.