Post by
apapas1973 on Jan 24, 2024 11:03am
Nickel price needs to get moving.
Mark knows his stuff and is a great promoter which is what every company needs but unless nickel gets moving, we'll never receive proper valuation for our company. Yes markets are forward looking so they generally start to price in moves in advance. As of right now though, the market/institutions are not convinced. We have a feasibility with the price of nickel at 9.50. Today it sits in the low 7's. At $7 no one is making money hence all the shut ins of nickel mines.
So this is not just trying to convince investors of the economics of low grade nickel sulphide mines, but also having them forecast a much higher price of nickel. Only then will we receive proper valuation for what we have.
The worse part is the longer nickel stays down here, the more money companies burn and then need to raise at lower valuations. THE PRICE OF NICKEL NEEDS TO MOVE NOW. GLTA
Comment by
EndZonefor7 on Jan 24, 2024 12:29pm
Nickel inching up again today. That's 3 days in a row so keep fingers crossed we can feed off the small momo. Still feel Canada and US have to create their own nickel pricing system like Australia is discussing. China is basically pulling anti trust BS flooding the market to push out competitors while they destroy villages and oceans along with workers safety.