NIC - General discussion, page-159

It will be interesting to see how the shorts will affect future price behaviour. Some of the early shorts (May-Sept) are still sitting on solid gains for themselves. But others (or the same ones doubling down) will be looking at losses with short sales beyond September.

Not withstanding recent rallys in the share market, risk is being reprices across the board. So the prior days of $1.30 or $1.70 might be gone for a while. But it is hard not to view even current price as quite cheap. Especially considering nickel prices rising and coal dropping.

I didn't stock up at the sub 80c prices. I was already too heavily expose to NIC to warrant increasing my exposure. But I'm happy enough recovering some of my paper losses.