Just a final note.
http://www.*****net.com/charts/metals/base/spot-nickel-6m-Large.gif
Nickel booming ATM.
At this rate the small SJ deposit will start to show better returns.
Futures showing $11,610/t. As Ive said in a past post if the Spot price heads back to $12,000/t, DSO 1,5%Ni should return off-take deals of around $50/tn direct. This will bring SJ economics back into play.
My worry is if the SIG do provide a ML for SJ these BOD don't squander the profits on themselves and don't show some leadership and ROI for investors.
cheers
AVQ Price at posting:
19.0¢ Sentiment: None Disclosure: Held
