traded at $2.50 back in Jan. With solid profit performance and better reserves found PAN are now in a much better position than SH would have thought in Jan, so i think that we should see this trade back up above the $2.50 range soon and onto 2.75. PAN have very strong fundamentals. Your right to say Ni price has been going down in the very short term, but longer term trend since 2008 has seen Ni more than double since its lows.
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