Hi Shikari, Its good to see the reality perspective being...

Hi Shikari,

Its good to see the reality perspective being printed regarding the hype around HPAL.

All the current evidence says that HPAL has:

1. Massive CAPEX that usually blows out;
2. Long lead times ...3 years and more;
3. Borderline marginal at 40 to 50% above current ni prices;
4. Problematical process.

Chinese whispers in my opinion has worked to keep the ni price down. The indonesian proposal is simply that ...a proposal.

Nickel sulphide is clearly the metal for energy storage batteries and is not just confined to EVs

The bottom line is that ni stocks are declining and a deficit appears to be mounting.

The same thing is happening with Cu and the EV demand for Cu is high.

Class one ni will be in higher demand than most think and SGQ is positioning to be a supplier of high grade ni, cu, co concentrates.

IMHO, we are being spooked, unecessarily, by the HPAL spin.

Cheers
Mulac1