Surely with the way the spot has jumped to Us $11.60/lb there must be a retracement tonight or tomorrow coming.
Im hoping the punters who jumped into MCR over the last fortnight realise what a gr8 long term equity investment it represents and dont panic and exit when the retracement in Nickel comes.
Seling 13,000 tonnes per annum at over A$30,000/t means there is plenty of long term reasons to hang around, not just the spike to A$35,000 in the last few days.
A well timed announcement re divs or exploration will push them to the next leg methinks.
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