q report, page-5

cdchi,
unless my recollection is wrong your statement "specially when you consider they are fully unhedged for this year", is incorrect.
Mincor only entered 100% unhedged territory around the end of January 2004.But Im not sure which year you are referring to, calendar vs financial??
I hold both so dont go apeshit, just correcting your statement if the old grey cells are working okay.
Gotta say I think the retracement on TTR, IGO and MCR has been heavy handed and provides some good buying opportunity if your a long termish (18month) believer in the demand/supply forecasts for Ni.
I worry for the explorers as I think the A$Ni spot spike will have come and gone before they can leverage their opportunities.