SK,
Hismelt not nickel, it's iron ore processing.
I think RIO is pretty much irrelevant to nickel.
OZL slightly more relevant, as their Avebury mine still bleeding heavily, can't see the bankers letting that continue for long. Was supposed to operate around 8ktpa, but as of last report still well short.
I am slightly optimistic, you don't buy a nickel stock for the bottom of cycle returns, a bit like being a WA wheat farmer, you don't buy the farm based on drought year economics.
EL
nickel price looking pretty sick at the mo, page-21
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