I saw your post on the AMC II BB today. Rest assured I remain very positive regarding Amur’s prospects. If the market were not experiencing the turmoil its currently going through, IMO, Amur’s future/ potential would be nowhere near as bright. The fact that the nickel industry is going through a period of severe retrenchment at present is likely to result in conditions in the near/long term particularly favourable to Amur.
Amur is still in development and largely inured to current market conditions. As the market does its thing and weeds out the uneconomic, the bloated and exhausted it will leave a field ripe for new comers like Amur. I think we happen to be in a particularly fortunate position.
High LME warehouse inventories, the big producers slow to cut back and carrying enormous debt suggests somebody or something is going to pop. I reckon either Anglo American or Glencore will go to the wall.
I'd prefer to see us do two more seasons drilling and complete our DFS early 2018 than one season and complete the DFS a year earlier. I suspect the nickel market may still be relatively weak 15/18 months from now.
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