RE:The solution to your disscussions /the whole riddle Thank you@Suppe11 - you have explained this very well and I have understood your explanation very well. And it is clear to me: supply and demand for the specific "Ramu-MHP product" determines the price - and this price develops dynamically. Therefore also in the calculations - related to the future - the variable "Payability".
What is simply very difficult to understand are the assumptions made by NKL: in the June 2022 presentation 92% for Ni/Co and in the January 2023 presentation 75% Ni and 65% Co. This £reduction in payability is precisely what accounts for the significantly lower potential cash flow in favor of NKL - and not the OPEX or the slightly lower nickel price.
I remain convinced of the business case of Nickel 28 in Ramu and of the investment case in Nickel 28. I even bought in at 0.9 CAD.
But very problematic is on the one hand such a massive misjudgement by the people in charge and on the other hand the mutual "bartering" of many millions of shares - for zero performance. And so that the dilution for the "ordinary" shareholders is not too big - one buys back shares on the market and burns so many millions $$$.
So I strongly support, the planned use of FCF in 2023 to 2024 to "accelerate" the repayment of CAPEX-Debt. (Answer from @Anthony Milewski in other Board.)
urai58
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