RE:Today’s conf call Great call/ questions. However, its difficult to understand RRS's perspective on Nickel.
RRS is not likely to get higher than zero value if zero is done to derisk the Nickel asset further.
No firm exploration plan for 2021? Dissapointing... Potential opportunity cost? Who knows.
RRS valuation is tied to perception of future value and not necessirily income. The idea of growing the stone business make sense but it may not lead to higher share price necessirly.
If the Nickel potential there, RRS needs to show the market. Are there current venture players in production making money? No? Then why is their valuation climbing? Nickel prices?
There also a time factor. Assume that it takes a fair bit of time to de-risk an asset to production.
Anyways, let see how RRS fare with increasing the capacity with Stone. Totally understand the path (sound business sense) but it won't necessirily be reflected in the stock price. We'll see.