I don't think anything has changed, marginal miners are great to...

I don't think anything has changed, marginal miners are great to own during big bull markets but they inevitably go bust or very close to it during bad times - MRE KZL CUO, AGO the list goes on of marginal miners that went bust after the China boom. While commodity prices remain very high in the case of nickel, the past year of inflation has destroyed many miners, even many of the mid caps have been hit hard with cost increases, look at our Aussie gold miners like SLR.

As I said, the writing was on the wall for PAN 12 months ago, I've been saying it on here for more than a year. The market always sees these things coming, when this started breaking down badly it was time to stop believing the bullsheet and start looking for what was going wrong behind the scenes