**huntleys recommendation**, page-4

Thanks for the post sandybeaches,
I notice Ni has retraced overnight to US$11320, and with a weakening A$ down to some 71c yesterday that means we still see a A$spot of around A$16000.
The cash price and 3 month price were also finished up the same at US$11320, with LME inventories still down around 16000t.
Shaws, my brokers are still bullish re MCR and rate them a buy, l/term outperform.
I think once the market gets comfortable with a sensible plateuing of metal prices, they will look to the fundamental strength of the producers (not explorers) and rerate those few that have been very oversold.
A bit of a masterstroke by China possibly to drive down prices?, but remember the current producers like MCR, JBM, IGO, TTR are very profitable, have lots of cash in bank, good management and exploration/mine extension programs already underway.
I do hold and am sitting put! Trying to top up on these prices thats all.