NC1 10.3% 13.0¢ nico resources limited

Ann: Change in substantial holding, page-3

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    Nico is different. Not in production yet and is in a different stage of its life. So doesn't really care about nickel prices today.......which are going up by the way, up 2.8% last night and well over $17k and if the US imposes sanctions on the low grade nickel coming out of Indonesia then you will definitely see the price go up.

    Nickel as a commodity will be fine but it is not immune to the cycles like everything else.
 
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