nickel up, page-8

WSA, IGO, MCR, and PAN all have much higher SPs than ALB which reflects their market position. But unless you plan on making all your money on dividens alone, a share price that is going to actually move in the market is what you are looking for.

ALB's position has improved substantially since it was trading above $5. It has moved from being a prospector to being a producer and the cost of production is low, which is why some of these wonderful cashed up miners you like have closed Nickel mines.

ALB is aiming for $5/lb about now and $4 in the medium to long term. There have been some modest delays to the ramp up to full production.

Profitability can be related directly to the Nickel spot price at this stage - at $5.50 it is home free, less than $4 and it is in trouble. At the current Spot price of over $4.90 it is looking good but a higher spot price would put our minds at ease.

Of course when you see a wider trading range it is likely that greater risk is behind it. Either that or lower confidence. ALB has suffered from a bit of both with confidence being generally low at the moment. But at a spot price of just 18c and no dividens this year then ALB will attract traders rather than long term mum & dad investors, super funds and the like.

And traders have been making a killing. They wouldn't make much on dozy old WSA - what a dead piece of stock. Dividens and long term, yeah, trading and money making - forget it - you'd die of old age before improving on a super fund.

What is IGO and WSA's production cost (Nickel production cost per pound)?? I couldn't see that essential number anywhere (the number that has closed so many Nickel miners recently.)

BTW looking at the WSA chart verses ALB I note that ALB fell gracefully over six months. When the big fall came in October, ALB dropped from $1.2 to $0.50, a fall of 58.3% For the whole month ALB went from $1.12 on the first to $0.445 on the 31^st, a fall of 60.3% for the month.

In October, WSA fell from $8 to $4 in just a few days, a fall of 50% and continued to fall to $3, a total fall of 62.5%.

IGO fell from $3 to $1.5 through the month, a fall of 50%. So the bigger, more secure companies faired no better than little Albidon when the US economy hit the fan.

If ever there was a time to buy low and double your money, this is it. And Albidon is the most likely Nickel miner of any substance to do it.
But nothing is risk free, obviously.

Robert