Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
“Hi, very much enjoying my new subscription. I know you like WSA but my nickel play is PAN which I happily bought at 7c. What are your thoughts on PAN and the conditions it would need to get back to its lofty heights of 22c... or dare I dream of pre-COVID 30 cents???” - Alain M.
Morning Alain,
Welcome on board, I’m delighted your enjoying the new subscription. PAN is a $200m WA based resource company which is exposed to nickel, copper and cobalt sulphide or in other words its very battery focused. Elon Musk has just asked the mining fraternity to commit more efforts to nickel but its already trading well below its highs of 2019 reducing the short-term attraction.
For PAN to regain 22c I would simply extrapolate its relationship with nickel over recent times, in other words I feel everything else being equal nickel would need to rally ~30%.
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