RE:Copper Mountain low grade copper deposits with a 45ktp mill
That's my outlook too with nickel. We do face institutional resistance to low grade nickel that low grade copper passed decades ago. The reason, I believe, is that nickel grades this low are in danger of being unprofitable. At $5 nickel, I don't think Canada Nickel can raise 1+ billion capex & with higher AISC due to inflation profits would be slim. At $7.75, it is definitely a go. So would you loan 600 million on the chance of the borrower cannot pay it back? We need endorsement from big players that the metrics are profitable even in a down economy.