hunan happy they didnt hedge, page-20

"The optimist proclaims we live in the best of all possible worlds and the pessimist fears it is true!"

This below taken from the 27th Oct Minara market update, while raising funds to keep on making metal.

"Most importantly, the recent collapse in the price of sulphur has seen prices on the spot market returning to historical levels of below US$100 per tonne. This will assist in reducing Minara’s cost of production. Sulphur is a major input for Minara’s laterite nickel processing."

Yipeee, copper and nickel prices up strongly while the price of sulphur crashes back to historic sub US$100 levels. I think it's time to back up the truck and buy those laterite nickel-cobalt producers now they're back in the money. Of course the stronger copper price will provide welcome support for the African copper-cobalt guys too. If the price of cobalt doesn't fall the those guys with cobalt credits will be the lowest cost producers going around, no margin sqeeze shutdowns there.

Oh, but what about CMR won't they benefit from the sulphur price drop too? Unfortunately, some HC posters have clarified with absolute certainty that the Oxides uses hardly any sulphuric acid and so it really doesn't change the operating costs. Bugger I thought they might move up the cost curve but alas it seems not.

Will the price of cobalt really rocket if all the cobalt producers are now looking strong again and cobalt supply set to double by 2011? Is the glass half full or half empty? Depends on whether you hold or not of course:)

Congratulations on CMR producing their first $230,000 of copper (their share) ready for sale over the last month. Only about $6.3M short of required monthly revenue to break even.

goodluck