lme stocks now 40000 tonnes, page-10

Nova Star,
Nothing has changed. 2008 will see AGM at $1.50. Short term could go back to high 60's where I would buy more. Just pointing out why the instos are not buying.........most analysts have nickel at less than $20,000 a tonne in 2008/09 and the Aussie dollar at parity with one analyst also stating LME stocks will hit 80,000 tonnes. AUD/US dollar parity and nickel less than $20k would see AGM worth about 50c even in production.