Seems like the current share price slide is related to the Nickel price slide (spot) which has been taking place over the last couple of months. Re-read the feasibility and the base case for that was Nickel at $5.50 / lb and AUD/US of 0.78. Looks like that might be fairly close to the mark by the time mining re-commences, although I do further note that the price drop has come despite stocks of nickel continuing to fall. At some point spot price will need to increase or demand decrease to bring supply and demand back into equilibrium.
PAN Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held