RE: What's the favourite path?13 Oct 2019 07:22
I think thats a pretty good reading of the situation.
JM has said he loves options and options aplenty here, so as you say, fun to guess, but hes also said that Araguia is the more advanced and more straightforward of the the two (main) projects and the one theyd be happy to take to production, wether alone or with a partner.
Nickels main use (more than 70% I think) is in steel products, s/s, rebar etc and massive expansion is going on in China (and other far east countries) with whole new cities being built and with India trying to catch up, its certainly not all about batteries.
Vermelho could potentially be JVd or sold to provide the finance for Araguia, without the dilution, which would mean we could go ahead with Araguia on our own.
As long as the macro situation holds up then happy days whatever they decide.