Nickel is at the bottom of a cycle when looking at a 26 year period - the only way is up IMO. Indonesia still has an export embargo, China is looking for the stuff.
Following is an excerpt from some broker research today, may be of interest;
"The last time the LME had a nickel deficit was back in 2006.
That deficit was 51,000 tonnes. And it sent the nickel price above US$35,000 per tonne that year...triggering some pure play nickel stocks up over 3,000%.
Keep in mind, the current nickel price is around US$12,500 per tonne. It is possible that nickel prices shoot beyond US$20,000 by the end of the year...and surpass US$30,000 in 2016.
This should see quality ‘pure play’ Aussie nickel stocks do extremely well."
SIR Price at posting:
$3.76 Sentiment: Buy Disclosure: Held
