Nickel Enters a New Era as Indonesia Tightens Supply and Prices Surge [10:05-15:06]

20 to 21 you know if we do really run out of this you know if if if there weren't straight hormones stays closed for another month or two you know then you then you will see you know HPL production come off and and and prices probably go another couple thousand dollars a ton higher from here so right okay say it's like higher price across the board staying stainless still it ain't again does that affect the mind or is that that that comes that comes a margin actually then of that one or more cost pass through yeah yeah what's really happening is you know where we were at $14,000 a ton LMU price today at today's prices given the massive increase in ore prices which have then followed through the nickel pick on prices the whole supply chain is is is only starting to make more money than it did that it did back in December uh so you know that's that's again that's that's the beauty with this is that you know that they they're they've shoved the cost curve higher or you know right across the board and they know and that's gonna help support higher higher nickel prices longer charm which will be ultimately good for the Indonesian miners um you know um we're gonna drive who are driving the bulk of the benefit of this so far as well as western miners who can make money at these prices okay well maybe we can get into that next thing with the cost to you know what's driving the market staying stainless because the eb this space is kind of gone gone gone gone gone quiet but like on on on things macro so but before I get into the company stuff and the Canadian government has announced a sovereign wealth fund I didn't realize they didn't have one yeah so far yeah so we we have some very very you know again Canada was way ahead of the curve in terms of our pension liabilities we actually had them actually were really managed 30 years ago and so there's a massive Canada pension fund that that is controlled by it's you know it's government but it's a separate separate um separately managed chunk of money um Mark Carney announced yesterday that they're creating a $25 billion dollar sovereign wealth fund to help support major projects uh so you know good to see even more money coming to the table uh again it's still slow in terms of some of this money coming but I will emphasize that you know this money is going to finally get into the hands hands of miners and you know this this this again should really underscore that you know governments want these critical minerals projects to go in general and Canada big mining projects are you know what this country wants to see happen so you know having the fact that we have have one of those they're potentially eight of them um you know it's it's very very good news for us going forward okay okay and so and and everything else was gonna say kind of like move forward permitting from the center probably sticking on nicely you know uh again we're doing well before but with with the uh the major projects office referral and then the 1p 1p referral and Ontario you know that's just giving us more help more support to help help get these things move quickly so you know stay tuned on that front that uh you know we should we should see things things happen sooner than later on on that front we're targeting we said summer summer of 2026 for our mates so that's now it's just a couple minutes away uh so yeah no looking forward to to to you know getting that major milestone complete so good good good good okay well I'm sure we'll hear more when when there's more to be said and like it coming way into the uh a few months by actually now next metals like a bit of a news out yeah so good for them so um it's their cell curve deposits so they have two celebis or high grade cell curve is the lower grade these are both past producing minds once owned by lionore um and and neurals after they acquired lionore um the challenge with those bots wanted to pause this has always been the the concentrate great um so the uh they're they're the the the host rock is massive sulfide so it's at the other end of the amount of salt for versus uh the ultramarfic deposits um that uh that we have with Crawford and so the challenge is getting the concentrate grade high enough so they just completed uh some metallurgical testing and we're able to push the concentrate grade from 6.8% up to 10.9% you know with that 6% grade those bots wanted to pause as they built a giant speltzer right next to those deposits which is now shut down um but you know um because you can't ship 6% concentrate very far um you know 10% is definitely better it's still going to be you know you're in you're in the middle of landlocked um bots want us so you know we'll see in terms of getting that material to market but you know it's a it's a big step forward um from them um another company this past week was great to see um i think FBX announced last week that they 10 and other major step forward so the first thing is you putting your project description and then the agency comes back with the list of things that they want to see addressed in your impact statement so uh the initial report was accepted they they got back their issues in terms of um uh that and again the nice thing is in in candidate now they're working more closely with the the province and the federal government so they're doing one process um and so you know that uh it was a joint response back from the provincial government and the federal government