huntleys downgrade, page-3

Well there assumption is based on current levels, any changes for the better would probably change the outlook. On the other hand if you look at other nickel miners like IGO or Mincor they have been hit hard too, nickel is not what it used to be, funds are selling and the price is dropping even on days other commodities are going up, and even when stockpiles are moving down. The outlook in the short term is not too good. Long term may be a different story.