Higher Co & Ni prices does not equal higher S priceThe proof is in the pudding. Cobalt $40, Nickel between $5-$6, and S share price is stagnant.
Don't confuse the narrative of higher ni and co prices with a higher S price. Too much debt, too much overhead, too many production problems, bad management,
The share price in 1998 was over $5, and the major asset back then was the Cuban JV. Fast forward 20 years, its only major asset is still the Cuban JV. Stock price at $1.19. Terrible.