Blythefan,
You probably read my comments out of the context intended.
I was a little suprised at the strength of the sp pullback from $3, given the rise in gold and gold stocks, and given little weakening of the more pon exposed nickel stocks on weakening nickel, ie MCR and PAN.
I am however happy with the longer term IGO recovery, but when you add the sum of the parts with due regard for the lower IGO costs (not just reported cash costs) I believe IGO still offers comparative value.
Perhaps IGO just moved too far too fast, and needs a rest, and perhaps it is the market valuations of MCR and PAN of which one should be wary?
EL
PS JBM was not the only nickel stock taken out at high price in the boom. LIM and AGM also.
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