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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (39702)	1/16/2018 9:37:44 AM
From: Goose94	Read Replies (1) of 202413

RNC Minerals (RNC-T) $1 Billion Bucks to build. Royal Nickel is in talks with commodity traders, mine operators and financiers to help secure $1-billion to build the world's biggest nickel and cobalt project next year. Conditions are right to build Dumont in Quebec, Royal Nickel said. With 3.15 million tonnes of nickel sulphide and 126,000 tonnes of cobalt, it is the largest undeveloped reserve of both metals in the world, according to S&P Global Market Intelligence. Royal Nickel is in talks with large Japanese trading houses, companies that offer "streaming" deals and miners interested in off-take arrangements to feed their smelters, chief executive officer Mark Selby said Streaming deals offer miners upfront cash in exchange for future production. "We have a clear path to secure financial backing," said Mr. Selby. Lithium batteries contain cobalt and high-grade nickel. UBS estimates 15 million electric vehicles will be on the road by 2025.

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