good 4qtr report out, page-7

Jojo,

Not sure my buy yesterday was as much bravery as foolishness. Also in hindsight I wish I had not reinvested any LIM or AGM back into nickel, as I am down about 10% on both the MCR and JBM purchased.

I am however placing my confidence in the long term. The metals cycle is going to have to turn way down before the Kambalda region is going to be anything but lucrative source of nickel, MCR has mastered it's exploitation, and is so much better placed in it than it was 12 months ago. It's not a no-brainer anymore, but imo still a sound stock for the bottom drawer.

EL