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So many positive news flows from so many sources. Happy to be holding this share and excited about the prospects
EV uptake is set to increase massively in the coming years. Would be 'grossly irresponsible' if Nickel hit $14/ lb (or even 'just' $9/ lb, all of which could snowball and happen quickly() and Kun Manie hadn't been built ready to capitalise. None of the key players want to be found short with regards their preferred market share. Projects, supply etc has to be locked down soon if not now.
Nickel will still be needed in ever increasing quantities and for the reasons already discussed, regardless of any difficult economic circumstances. We hear of other metals and minerals struggling while conditions for Nickel continue to improve, enhancing project fundamentals
$1 on the price of nickel = $3.5B''
So why wouldnt you wait til its $14/lb?
A recession is looking increasingly likely... nobody will build roads now... those holding cash will wait & watch!
CF73
Really does look like global supply is dramatically tightening just when demand is ramping up incredibly fast.
It beggars belief why AMC hasn’t taken off. I suspect things could start to look tasty here in the coming months
More helpful news.
"Philippines' top high-grade nickel ore miner set to shut down: government official"
https://www.reuters.com/article/us-philippines-nickel/philippines-top-high-grade-nickel-ore-miner-set-to-shut-down-government-official-idUSKCN1V60QX
Philippines' top high-grade nickel ore miner set to shut down: government official
Enrico Dela Cruz
MANILA (Reuters) - The Philippines’ top exporter of high-grade nickel ore is expected to shut its mining operations soon as ore deposits at a project in the nation’s southernmost province of Tawi-Tawi are nearly depleted, a ministry official told Reuters.
SR Languyan Mining Corp will shut “most likely” later this year, said Jaynul Ali Sambarani, head of mines and geoscience services at the Ministry of Environment and Natural Resources for the Bangsamoro Autonomous Region of Muslim Mindanao.
The closure will likely reduce the Philippines’ monthly exports of nickel ore to top metals consumer China by 300,000 to 400,000 tonnes, based on estimates by the Mines and Geosciences Bureau (MGB).
“It’s a major supplier of high-grade ores,” MGB Director Wilfredo Moncano told Reuters on Friday.
SR Languyan is not among the large-scale nickel miners under MGB’s jurisdiction, and Moncano could not confirm or deny the shutdown.
The mid-sized miner is one of more than two dozen nickel ore producers in the Philippines, China’s second-biggest supplier of nickel ores, which are mostly used in producing stainless steel and for battery materials.
(SR Languyan’s) mine life is about to end,” Sambarani said in a phone interview. “But it is looking at other prospects near the area.”
A shutdown of SR Languyan would come as the global nickel market is already facing a shortage and the possibility that a ban on exports of Indonesian nickel ore may be imposed sooner than scheduled. Supply concerns pushed nickel prices to 16-month highs last week.
Top nickel ore supplier Indonesia is currently drafting a revision to its mineral ore export rules, with the possibility of moving forward a ban on exports of unprocessed mineral ores that is due to be implemented from 2022.
Sambarani could not provide details about SR Languyan’s latest 2019 output, exports and stockpiles, and company officials could not be immediately reached for comment.
Records from the Philippine Securities and Exchange Commision show that SR Languyan was granted a mining permit in 2010 that covers 3,483 hectares (8,606 acres).
More useful information, news and general background. Things really do appear to be picking up!
https://www.designnews.com/content/nickel-may-be-limiting-material/197252724161308
Agreed and great stuff TDT and CT! :-)
Fully agree TDT.
The PFS gave a $1bn NPV at $8lb.
I suspect adding in the 2018 results could take it to $2bn if they were to increase production.
Knowing everything we do about Nickel and all of the articles coming out $8lb appears conservative so let's use say $9.5lb and throw in a shared smelter with IG
What would that make our NPV.... $4bn... $5bn!!!!!
(not crunched the numbers)
Extremely exciting times to be a holder here
Yes.. invest now and wait, just wait for the worlds nickel to be used up.... THEN.. the ''..once-in-generation investment opportunity'' will be fruitful.. we won't make much while the nickel price is $7?
how many false dawns has AMC had but I suspect it must be close to ignition this time just because the huge surge in EV everything from bikes to cars.
Interestingly ive been a mountain biker for years and sneered at the EV bikes but all my mates are buying them and having tried them a few times boy im hooked. You can get twice as many downhill runs just because they climb so fast and your not knackered after a climb you can enjoy the ride much more. Do E Bikes have nickel in them im not sure what the numbers are?
great post I'm reading everywhere Nickel will be the stand out performer because of shortages.
More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm. His forecast is great news for those juniors with large nickel deposits awaiting development, such as the Jaguar project just acquired by Centaurus from Brazilian giant Vale. Plus, Venturex’s $100m debt deal sets it up to become one of the few ASX-listed copper producers.
The display of oomph at last week’s Diggers & Dealers conference in Kalgoorlie was not restricted to the gold stocks.
The nickel stocks made sure of that, with none other than BHP leading the charge in a presentation by its Nickel West president, Eddy Haegel.
Nickel West is the formerly unloved BHP unit that has come into its own in response to what Haegel described as a once-in-a-generation opportunity presented by the gathering nickel-rich battery boom.
Haegel said that in addition to the rapid growth in electric vehicles sales, BHP expects nickel-in-vehicle demand to surge, driven by three factors.
The first is batteries are becoming bigger to improve vehicle range and performance. Next, nickel-based cathodes are taking market share from non-nickel cathodes because they’re “simply better”.
And finally, increasing nickel in battery chemistries increases energy density, delivering better performance and lower costs.
“It is important to understand that a 60kwh NMC811 battery needs 9kg of cobalt, 11kg of lithium and a massive 70kg of nickel,” Haegel said.
"EV’s will make nickel a once-in-a-generation investment opportunity, says BHP"
https://www.livewiremarkets.com/wires/ev-s-will-make-nickel-a-once-in-a-generation-investment-opportunity-says-bhp
More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm. His forecast is great news for those juniors with large nickel deposits awaiting development, such as the Jaguar project just acquired by Centaurus from Brazilian giant Vale. Plus, Venturex’s $100m debt deal sets it up to become one of the few ASX-listed copper producers.
The display of oomph at last week’s Diggers & Dealers conference in Kalgoorlie was not restricted to the gold stocks.
The nickel stocks made sure of that, with none other than BHP leading the charge in a presentation by its Nickel West president, Eddy Haegel.
Nickel West is the formerly unloved BHP unit that has come into its own in response to what Haegel described as a once-in-a-generation opportunity presented by the gathering nickel-rich battery boom.
Haegel said that in addition to the rapid growth in electric vehicles sales, BHP expects nickel-in-vehicle demand to surge, driven by three factors.
The first is batteries are becoming bigger to improve vehicle range and performance. Next, nickel-based cathodes are taking market share from non-nickel cathodes because they’re “simply better”.
And finally, increasing nickel in battery chemistries increases energy density, delivering better performance and lower costs.
“It is important to understand that a 60kwh NMC811 battery needs 9kg of cobalt, 11kg of lithium and a massive 70kg of nickel,” Haegel said.
While stainless steel still accounts for about 70% of nickel consumption, batteries is the fast growing subset, to the point where EV’s alone could account for all of the current production in the late 2020s.
Haegel sounded a note of caution about the here and now. While BHP thinks there is going to be a significant increase in global nickel demand, it is a case of not just yet.
“We do not expect to see a meaningful impact on the nickel market from batteries until the mid – late 2020s. Only then, do we expect to see serious industry investment by Class 1 nickel producers,’’ Haegel said.
“However, we will not rest waiting for that day to arrive. We are actively developing options to position ourselves for this once-in-a-generation opportunity.’’
It is against that backdrop that the nickel price has been a strong performer of late. The current price of $US7.17/lb compares with the 2018 (calendar) average of $US5.95/lb, and the 2017 average $US4.72/lb.
CENTAURUS METALS:
Talking about once-in-a-generation opportunities, Centaurus Metals (CTM, trading at 0.9c for a market cap of $24m) has just seized one which gives it a ticket to the battery-led nickel party discussed above.
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