Member Info for Luke2

China announced yesterday it was considering ways to boost the domestic economy, especially targeting the auto market.

That will be yet more nickel used up in all those E V batteries.

Sale of pure E V's (not hybrids) in Europe grew by 98% in July this year compared to a year ago.
Sales of diesels continue to drop - down 5%.

Latest on the other board from PHurley, who says he speaks to J M - J M confirms feasibility study days away. Potential partners 'fighting to take this forward'; 'each project worth multiples of current share price.'PHurley states he is still a buyer.He appears to be in regular contact, down to the individual to decide; even I was once offered the chance of a phone conversation.

Nickel was just under a $1000 a tonne higher then.

I would be happy with the May 2014 one of 54p, we only had one mine then, now we have three.

Thanks for the info, I do remember we were in the lowest quartile for costs.

Current nickel price $15,700 per tonne. I think HZM can make a profit at below $10,000.

Roskill says most greenfield nickel sites will need $22,000 to incentivise production. Extra nickel will be needed to increase the range of the vehicles.

PHurley on the other board who said a little while ago that the frustration had gone out of J M's voice in recent conversations, states that there are two or three project funders DYING to get involved.
His capitals, he sees 6 to 8p.

Thanks RedRoy, ''tis still Slubby.
One family member in profit already.
They are a decent bunch, have not moaned once at me since the share dipped, though I was the one that suggested HZM.

I think the price dropped in October fbecause the FS for Araguia had been expected for about four months, then only part 1 was released in October, the rest followed in December.

Nickel sentiment was weak and we had a seller, due to a merger of funds.

A perfect storm, we dropped 1p in a few days, always hoped we might do the reverse one day, but probably steady as we go is best.

Nickel price seems to have been comparable in 2005 when Onca Puma was sold to today's range.
Nickel did have a huge spike later.

Canico a British Columbia based junior resource miner focused on the development of Onca Puma, one of the world's best undeveloped nickel projects.

They were buying the whole mining company so it may have had other assets. Onca Puma seems to have been the prize though.
Seems a lot of dosh, to use a technical term.

The board of Onca Puma considered an offer of $20.80 in cash per share to be a fair offer in 2005
Approx £16 a share?
I am but the messenger, thoughts on this?

Thanks Catching and all others who have got me this far. I feel rejuvenated, share price has probably helped!
The person on the other board who updated us on the possible timing of the PFS this week, said that the frustration J M had in chats has gone, the guys running it truly believe that each of the projects are billion dollar projects.
This person reckons we will be sold this coming year, for high double figures, though as he said, that is not insider information.
Starting figure anyone?

...... Thus leaving three unencumbered mines in plain sight for some months.

I think as Vulcan suggested there will be a royalty agreement. I think it was said funding will kick off with this agreement possibly later this year, then the rest will follow in due course, during the first quarter next year.
Jeremy Martin said in an interview he had been offered offtakes, but was not going to sign any until immediately before signing the rest of the financing package.

As Early Bird mentioned yesterday, in an investor call earlier in the year JM stated we had the equivalent of three Onca Puma mines. Onca Puma was bought for 20p a share.
HZm have since discovered another nickel mine, so I reckon his valuation to be quite conservative.

Advfn - 20p was talked of when this share was 4p.
I would never call Jeremy Martin a ramper, master strategist, who just needs the right nickel price, think it might be here .....