RE:PEA was calculated at $7.75In early 2021, CNC seemed to rise in lockstep with the rising price of nickel, then it un coupled after the PEA was released.
It then entered a down trend which was reversed by the "We have to get a bigger table, and shoo away the latecomers" Strategic Negotations. It then resumed its downtrend after the Strategic failed to materialize. I guess they weren't able to import Vlad's table?
So if Nickel is hitting new highs (that Xinchang pop notwithstanding) why is CNC hitting new lows?
The PEA also assumes Santa Claus builds a steel mill right beside them!