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The inflation risks and availability of debt finance will be a barrier for any new Nickel projects going forward. That should put HZM in a strong position when we start production as it will restrict the flow of any new projects, adding to supply deficits.
CD
One thing I agree with you on is that NCM will look to buy GGP out so they take 100% of the benefit of leveraging their Telfer asset. I’m ok with that but at a fair price which I think is some way north of 12p. I’m here till the end game whatever that is. GLA
The valuation of GGP isn’t solely based on the price for the 5%. The drilling campaign continues to expand the resource and will do so for some time to come, with 20moz being considered a realistic expectation.
It suits people’s agendas to fixate on this 5% valuation
Appears they’ve used the wet season to progress the detailed design and procurement of the main work packages. Good to see the groundworks contract awarded which will be on the critical path for the program.
We all want to see rapid progress but the front end of the project and supplier selection is critical to successful delivery and IMO they look like they’re going about it the right way.
Decent volume today helping to clear the seller. Started moving up last hour and the can now get a quote to sell decent volume, which you couldn’t do earlier today. Interesting to see how it moves when the overhang from the seller has cleared. GLA