Well time will tell. I believe with all the activity, that it is more likely to go higher than lower, especially between now and about March next year.
A lot depends on your view of whether the developing world will sustain the boom as nickel is very responsive to positives and negatives of the economy. My belief is that the worst is over and that the commodities boom continue. Anything can happen, but that is the risk you take when trading.
I would rather buy a stock that has built a base at a low level with upside to come than a stock that has already run, that's why I think this is a good investment at the moment.
Add to that the placements they have already done to get cashed up and Barnes Hill ramping up to provide an income and there could be significant upside here. Barnes Hill is close to port with potential extensions. Should be getting a much better picture of the extent of this soon with an update about the measued category drilling.
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