Nickel 28 : Excellent report!The cash will soon be flowing!
"The Company's President and CEO, Justin Cochrane is pleased to announce that "with the significant cash generation from Ramu in the second half of 2020 and much higher nickel prices in the first part of 2021, we now expect to fully repay the Company’s operating debt around the middle of this year, which is much sooner than our previous guidance.” Mr. Cochrane continued, “MCC, our operating partner in PNG for over 17 years, continues to deliver outstanding performance from Ramu.”
"We continue to see significant tightness in the nickel market, particularly for Ramu’s mixed hydroxide product. With LME nickel prices currently trading close to US$8.00 per pound of nickel, and Ramu fortunately not seeing any production impact from the Covid-19 pandemic, we are expecting another outstanding year of production, sales and cash flow from our Ramu JV,” stated Anthony Milewski, chairman of the Company’s board of directors."