Sunrise Energy Metals Ltd (SREMF)

[tedro84]

I said recent, not two years. The rise and fall over the last two years tracks right with cobalt pricing. Long term forecasts for cobalt remain extremely bullish.

Recently nickel has seen some odd trading:
https://www.bloomberg.com/news/articles/2019-10-22/lme-starts-review-of-nickel-trading-after-inventories-plunge

A six month delay on the investment decision certainly doesn’t help either, but many of us favor the move to Fluor from MCC. It certainly gives reason to further question the initial selection of MCC though. It will be interesting to see what develops between the automakers and cobalt producers over the coming months. The early procurement and cash on hand suggest a lot of confidence by a couple billionaire backers.