Will be by far best quarter ever so far - Nickel @ $45000 a ton oz.
Unhedged Nickel - Average price last quarter $28,000 a ton
Average this quarter around $40,000+ a ton
Profit should be around 30% greater then the last quarter.
Hedging decreasing and hedged price increasing.
My best guess is Nickel Stocks will run out early 2007 and Nickel could go to $70,000 a ton or $25 ilb US.
I bet they will be moving very quickly to mine the Mariner deeps, only 100 metres below existing mining.
Jubilee and Western Areas type high grade Nickel.
The way they are progressing, its like akin to an oil company, they will be reporting news every week, except its better, its all great news.
Who would have thought a year ago it would be more expensive than CSM, maybe next it will be more expensive than IGO.
When the market wakes up, Mincor will be the next best thing.
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