Member Info for fulmar29

@James-nail on the head "practically unheard of for junior brown field" although I believe NSRs and streaming deals will become far more common for base metals in the future as banks have retreated from mining investment.

it's almost like they are showing the market the evidence for the court case in advance.Bloody wonderful.

It took me a while,but I finally sussed out why the Indonesian export ban will have such an effect on the market. "Class 1 nickel powder for sulphate production enjoys a large premium over LME prices, but for miners to switch to battery grade material requires huge investments to upgrade refining and processing facilities."The Indonesian smelter will be looking to produce a higher grade (Class 1 powder) therefore increasing significantly the value of the final product as well as receiving the benefits of producing "in house".This in turn puts pressure on Ferronickel supplies for Aluminium worldwide.Which is where we step in.

Probably because unlike most pi's (us) they have a disciplined investment policy and set out parameters of what to do at certain milestone prices and are following it.

Anglo Pacific Group PLC Acquisition of a producing copper royalty
Mon, 2nd Sep 2019 07:00

LONDON--(BUSINESS WIRE)--

Anglo Pacific Group PLC (“Anglo Pacific”, the “Company”) (LSE: APF, TSX: APY) is pleased to announce that it has entered into an agreement with a subsidiary of Mantos Copper (“Mantos”), to acquire a 1.525% Net Smelter Return royalty (“NSR”) over all copper produced at the Mantos Blancos copper mine (the “Mantos Blancos Mine”) in exchange for an upfront cash consideration of US$50.25 million. Anglo Pacific is entitled to royalty payments on completion of the acquisition, which is expected to occur within two business days of this announcement. The Mantos Blancos Mine is an open pit operation located in Chile, producing copper with silver by-products. The NSR entitlement applies exclusively to copper production at the Mantos Blancos Mine.

or far less.

@Hope it was early payback options which would involve probably a sliding scale of interest.@O+W I see the main,objective is to get a mine (with large exploration upside and strong increase in IRR possibilities)into profitable production then making the development of all other assets massively easier and less far painful.

I think the judge will agree with him.

https://www.bnnbloomberg.ca/video/why-nickel-prices-are-surging-after-indonesia-confirms-plans-to-ban-ore-exports~1768079

https://www.bnnbloomberg.ca/video/why-nickel-prices-are-surging-after-indonesia-confirms-plans-to-ban-ore-exports~1768079

HomeNon-ferrous MetalsBase metalsNickel
BATTERY RAW MATERIALS MARKET REPORT 30/08: Cobalt hydroxide index up 28% in reaction to Mutanda closure

HomeNon-ferrous MetalsBase metalsNickel
BATTERY RAW MATERIALS MARKET REPORT 30/08: Cobalt hydroxide index up 28% in reaction to Mutanda closure

I wonder if the Brazilian government would like us/require us to build a refinery in the middle of our 3 sites ?Possibly financed after payback on soon to be announced package ?

https://uk.finance.yahoo.com/news/china-exempt-tesla-cars-purchase-123002347.html
and EV march on, and related minerals increase in price

https://uk.finance.yahoo.com/news/china-exempt-tesla-cars-purchase-123002347.html
But EV marches on

I don't think it will affect overall world supply in the long term (which is due to be woefully inadequate),it is just that Indonesia want the "value added" benefits ( i.e. tax and employment) of being the smelting country as well.I could be wrong,but that's how I see it

NICKEL PRICE COMMODITY
17,859.90 USD 1,847.40 (11.54%) 08:52:05 AM EDT
BANG !
:-)

"Jakarta. Vale Indonesia, the country's largest nickel producer, said the government's planned ore export ban will give the country a strategic advantage and bring positive impact to the local nickel industry and the Indonesian economy in the long term.The government now wants the ban to start taking effect in October, three years earlier than the initial plan's 2022 target. "

The Indonesian Nickel Mining Association has voiced their objection to the plan, saying that it would disrupt their members' contractual obligations and business plans.

I'm pretty sure I read it was announced and given a date of implementation and then they were looking to bring that date forward,but the smelters were objecting.

The economics of the mines are changing daily,but with the price of Iron Ore @$90t,it looks like the "byproduct" could almost pay for the processing costs -it just gets better