RE:RE:Selby's Plan Would Merely Allow Him To Catch Up To FPXI think FPX is trading low because;
1. the time table is very long (years to production as best case),
2. A new kind of deposit with very low grades (this alone will give it a lower nickel price),
3. Most likely more financing / dilutionm,
4. It trades on the venture.
I like that they are perserving cash and waiting for better nickel prices. This is a good time to gradually accumulate (especially at these prices). But there may not be any return (especially a large reture) for a few years unless they partner up.
potluck1 wrote: If there is a split in the price of nickel between the low quality nickel pig iron used in China, and the highly refined nickel required for EV batteries, where does FPX ore sit?
My understanding is it would sell for the lower nickel price, not the EV battery quality.
Presumably this is one of the concerns holding the FPX share price back.
Thoughts?