The LME stockpile represents about 8 weeks of consumption, and should not be compared to the days when it represented 1.5 weeks. At the moment LME stockpiles are fair, Ni prices are fair. Its a nice balance right now.
The love affair with nickel pig iron will not last, 200 series ss will not replace 300 series or superalloys. In my world thats madness followed by many lawsuits.
Mre have been going for a long time and represents some safety to investors. As you all know a high cost Ni producer, must produce Co at the same time to viable. minara do this.
Goro, twice the pressure and temperature - good luck would hate to be the people responsible for funding or being responsible for that experiment. I have every belief goro will pull this off, but its impact will not be felt for the next 12 months.IMO
Ravo, after a year they could only manage 50%, not uncommon with ni laterites.
I hope minara do not plan on setting up heap leach at I reckon 300 million its just too much, they need to keep hold of the cash, just in case.
Ni consumption will rise again, minara's cash will rise.
ATM I think Minara is a fair price, and holders have to be under no illusion - this is a high risk stock.
MRE Price at posting:
73.5¢ Sentiment: None Disclosure: Held
