focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Nickel warehouse stocks in free fall over the last few days, hopefully nickel price should get moving higher soon.
http://www.kitcometals.com/charts/nickel_historical_large.html
Yes first time posting on this board, trying to work out what the hells happened here.
Share price surly at the bottom now!
Anybody know roughly how much cash the project has had spend on it to date and if they have have much left in the bank?
Surly the results can't be that bad after there
Q & A update
We are pleased with the way sales have been going this year. In the interim results, we showed a marked increase in revenue compared to the previous year. During this period, the focus was on driving sales through our distributers, whilst we established our own sales team. As shown below, January to April is the quiet period for our main markets, but now we have entered the start of the key buying period, sales are increasing as expected.
The news that will come out before we need a placing will be huge. I would imagine Glencore or a institution will be fighting to subscribe in a placing whatever the current share price. A few million here and there is peanuts in this industry!
With C1 AISC at 6800 dollars and production at 14500 tons per year, means every 1000 dollars on a ton of nickel is an extra 14.5 million profit per year. (Thats only phase 1)
With a working mine valued at a P/E of 4 means last nights rise should put 60 million on the market cap!
We just need funding now!
Looking forward to LME nickel warehouse stock levels going below 100K tons, with current demand we'll be there in around 2 months. That coupled with a strong Vermelho PFS showing battery grade nickel and Cobalt should get the share price rocketing!