Doesn't matter what V stock you want to pick, and all arguments of that nature aside valuations are ridiculous right now.
AUZ used Nickel price of $7/lb + $2 sulphate premium. Spot is about $5. They also used Co price above spot and a low fx rate.
The numbers on the Gabby stocks are crazy at $20/lb let alone a number above spot on an 18 year LOM!
Lower capex, higher NPV, higher IRR, commodity prices well below spot and most importantly the V market for steel is much more structurally sound (pun intended) than Co/Ni demand.
We need a catalyst to light up V, I just have no bloody idea what it is.
TMT Price at posting:
49.5¢ Sentiment: Buy Disclosure: Not Held
