Canada Nickel Company Inc V.CNC

BHP to focus on cost cuts, patient on M&A

[EndZonefor7]

Van Jaarsveld backed BHP’s view that nickel sulphides remain the most attractive ore to own, because conversion costs to higher purities are cheaper than with laterites, despite a steady decline in nickel production costs in Indonesia, the world’s top supplier of nickel from laterite.

He acknowledged this year’s 36% slump in LME nickel prices and said the miner regularly reviews its commodity outlook.

“There has been a lot of (price) volatility and I think there has been more coming out of Indonesia than I think a lot of folks expected. As we sit here today, we haven’t changed our view on nickel,” he said.

For BHP to engage in a buyout, it would need to consider price, ease of jurisdiction, and opportunity to add value, among other factors, but then would need to think about which assets it would have to divest.

https://www.mining.com/web/bhp-to-focus-on-cost-cuts-patient-on-ma/

[CanadianPatriot]

Nickel surplus to last a number of years.  Have your factored biases in your sources Endzone? Also remember when you said in 2020 that BHP opened an office in Toronto to be close to CNC? Why did they focus their investments in Africa instead? https://www.reuters.com/markets/commodities/insg-forecasts-third-consecutive-year-nickel-surplus-andy-home-2023-10-05/ LONDON, Oct 6 (Reuters) -

[Chieff]

Canadian Idiot is in a sweat panic, dripping on his keyboard 

[CanadianPatriot]

EndzoneChief not paniced at all. It hoping feasibility meets what I want to see as its been three years waiting.  And will reassess whether to invest even at higher levels.  Also want to see their financails and Endzone waiting for any information you came across about my question I asked you. Good luck to all!  

[Cobalt]

"Also remember when you said in 2020 that BHP opened an office in Toronto to be close to CNC?"