By every mean it is not that simple. A producer with an unhedged book selling into the spot market may track the nickel spot price as suggested but BSX is a junior exploring untested regions with no producing assets, for what reason would the nickel spot price influence day to day movements? On a longer time frame there is no doubt that the nickel price will exert some influence on the SP, but to suggest that the price action is 'weird' makes little sense.
Sleeping Beauty ASX BSX, page-353
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