Alberte, a good qusetion, where is the buyback..
I would say at the current nickel price, they will be going backward, slowly.
They need to conserve the cash, to live and mine another day.
They also made 9 million last year in hedging, this year there is mininal hedging in place.
So the outlook is far from rosy, given the cash required for Gidgee gold.
But I did dip my tow today, this is an absolute crazy price, the whole operation worth 20 million excluding cash, excuse me.
From what I have read the Chinese ( like 2008) will be using up their nickel stock up, so a turn around should not be far away in the price.
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