nickel to crack $7lb, page-3

Hi GT40,

I know just as much as everyone else here. POS are very tight lipped. The way I look at it is that you don't put together a grade A team like that to just sit around and do nothing. Notice that none of the directors or senior staff have left the company! These guys would not hang around a company with no future.

Hopefully they have given Norslik a deadline date (probably around the 6 month mark, which is now!) to come up with a decision and I'm sure they have their eye on backup projects just in case it fell through. I do know that Norslik do want out of Australia.

These guys aren't stupid and know that this is a once in a decade oppurtunity to pick up some great projects if your got some spending $'s. We are already starting to see Ni price recovery as predicted while Ni confidence is still low. Time to take advantage of this!

Singleton will be feeling the SP pain more than you and I as he has put in a lot of his own $'s when the SP was back over a dollar. He has more to lose than just his reputation.

IMO this is a sleeping giant just about to wake up.

If I was them I would put a bit more pressure on Norslik but Russians can be a funny bunch to make deals with. They have been known to take their time. In the mean time look at other projects plus now probably start to think about working back on Windarra now that Ni is nearly back at AUD$20KT. Just that news alone would bring the SP back to 50c+.

My gut feeling is that something will be out before the next 1/4.

The web page is still under construction.

Cheers

GV