are we getting to cheap

Hi everyone,

Interesting to see how this share is being pushed down day after day, very interesting indeed...


We are producing 25000 tonnes of Nickel per year at one of the lowest production costs in the world.

We have now a Mcap of $1.1 billion

Most new nickel mines are now laterite plants with a price of more then $2 Billion attatched to building them, and most of them do not seem to work as forecast or get closed down like Rafensthorpe.

Goro is still behind schedule since part of their plant blew up and who knows when they will come into production or better say into FULL production.

Mincor has problems making a profit, which just shows that even a miner like Mincor with an excellent track record find it hard to make money at these prices.

China wants to close down the pig nickel producers because of environmental issues, and Nickel users are asking once again for superior stainless steel , read higher Nickel percentage.

And then ofcourse we have not seen a combination of Europe/ USA and China and asian economies growing all together in one time and what this will do to the Nickel demand and price ofcourse.

Nickel is a metal which is hard to guess which direction it will go imho, but I do believe that we could see some more upside coming our way.

And WSA could be benefit very nice from all this, unless someone is going to make a move on this company.

I know that management has a lot of shares in their pockets , but for the right price everything is for sale.

The half yearly report should be out soon and the divident attached could once again make this company reach for new hights.

good luck guys

jojo