and while we sit here and argue about what (or who) is right and wrong, let us not lose focus on the main ingredient in our recipe of (any) recovery - the price of Nickel...
from a low 0f US$4.31 in late Aug 15, this is now hit US$4.85 (closed below $4.75) on Friday 9/10/15....
IMHO, this single ingredient in the recipe is going to decide how soon the impasse is going to be resolved.... Glencore throwing hissy fits over cuts in production has made the rest of the world realise that they NEED all these base metals EVERY SINGLE DAY to keep their factories running and that is why there was a massive rally on these base metals late last week - with Zn leading the pack with a whopping 10% recovery - yes 10% in one single day.... at this rate PoN can easily touch $5 - not a distant dream - just needs a 6% improvement to reach there.... the mood within the CN holders and everyone will have to change to reflect this as MBN will be better off with every cent increase in PoN....
looking forward to a decent recovery now....
MBN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
