risk of nickel, page-8

What is wrong
Don't think it's that hard to fathom.
usa in recession or close to it.
china slowing,albeit from a high point.
Ni price going south.
Ni stocks rising.
slower global demand.
Market sentiment especially for base metals is still on the nose.
And most of all,mcr has a lot of producing small mines with costs above average.
Still pulling plenty of ni out of the ground and making good profit but this will not continue forever with a very weak ni price.
Mcr has always been my favourite nickler and has excellent management but not sure just how low it will go over next few months.
Could easily hit 1.20 and yet a week ago it was just over $2.and I thought it was a good buy then.
If it gets under $1,buyers should swamp it,lol.