Nickel up 2.31 from July Low
August high: 11.09
July low: 8.78
Up 2.31 Intraday
From CEO.CA:
@Fools.gold CNC will receive 35 million a year in carbon credits. Currently the price is $50 a ton, by 2030 it’ll reach $170 a ton which is eqv to 120 million a year in carbon credits. Analysts are also predicting +$20 per pound of nickel way before this ever goes into production. The world will not have enough nickel and CNC will have massive amounts of it. If analysts are making proper predictions and the median nickel price per year increases than CNC will be a cash cow. 0.28% nickel is eqv to 0.75% copper and Canada nickel has 0.45% nickel eqv as a grade. Yes, I understand that there is added processing costs but not enough to discredit this company. When nickel was sitting at $15 a pound the companies share price was booming.. wait until the nickel price is over $20 a pound on avg with a sexy carbon credit. Will see what the haters say”