from * today -
Nickel miners were on a roll today, bolstered by news the price of the battery metal and stainless steel ingredient had struck a seven year high of US$21,400/t overnight.Mincor Resources (ASX:MCR), which controls the bulk of the legendary Kambalda Dome nickel mines and plans to resume production this year, was up 5.32% to $1.88, giving it a market cap of ~$910 million.
~$3.9 billion capped Indonesian miner Nickel Mines (ASX:NIC) was up 6.87% to $1.56, an all time record.
As I type, Nickel at 22,451/t
At what stage does Mr market say that at the current Ni price, there is no takeover premium built in at 3.36 (despite WSA's management having a history of not extracting value)?
Come April and at these parameters, I'm happy to keep holding (given a future with the Ni graph technicals and market fundamentals that are in plain sight for all)
(now 22506)