Oh no let’s not start another round of hearsay like on the...

Oh no let’s not start another round of hearsay like on the thread that has devolved in to ‘my average’ holdings. ( not aimed at JD at all ).

There is a very good reason why hearsay is inadmissable as evidence in a court of law- because it’s not worth the paper it’s printed on.

A bit like when directors in a company are ‘committed’ to it because they hold shares they never paid for. I’d like to see a board that has put their own money where their mouth is because money talks & something else walks in the business world.



The above graph helps us understand how it would be challenging for any producer with a projected cost above $5 a pound to procure finance. It also helps us understand why a $0 on the table offtake would be accepted by a company projected to produce at a price higher than $5.

One might wonder if there are any Aussie juniors with projected costs below $5 a pound.

Comparative value. If we are impartial to a company then that is all we would go off.

To do otherwise would show that we are not being impartial, for whatever reason.

( unless it was one’s favourite sports team, but this is the metals sector- not the local footy comp ).

There is a glimmer of hope for almost all non Phillipines producers/hopefuls ( even those slated to produce at a cost higher than $5 ), though- their hip shot happy President has spoken of shutting down the whole industry there & they produce most of the world’s nickel.

Until that happens though it will be a game of under $5 a pound vs. over $5 a pound when it comes to any significant financing package being offered to a company.

Look at these things like your job is on the line because that’s how a financial officer ( or whatever cool sounding title they have ), of a lender will have to do. They have to play it safe.

To our ‘what does the Ni price have to do with what happens 2 years down the track?’ friend- any finance that comes as a straight loan will be much the same as a mortgage- it will be repaid over many years & so the lender or even partner will have to consider that very carefully.