WSA 0.00% $3.86 western areas limited

from * today -Nickel miners were on a roll today,...

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    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)
 
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