RE:RE:"Nickel shortage in view unless China-led projects succeed"According to the article, the "majors" will make no moves until the price of nickel is greater than $20K, or $9 per pound. By then Baptiste will have an NPV over $10B and a IRR over 30%. This does not even count Vann.
I don't think dilution will be a problem then. The hardest part is the waiting. Impatience is the enemy. It would be a shame to arrive early but leave before the party really gets going.
In the mean time, it looks to me like FPX is actually working on some of the PFS tasks listed in the last PEA. It will be interesting to see the revised PFS to do list when FPX lets the revised PEA loose. Until then, I am almost to the point where I think it might be a good idea to stop even looking at the share price.
macaw wrote: IMO, for us to get a bump in the stock price we are going to need a JV with a company willing to move this project ahead quickly. Otherwise the "venture exchange" will punish us over time with a lot of dilution at very low prices. Hopefully a nickel shortage will move the nickel price up high enough to make a JV attractive. GLTA