Ann: Quarterly Activity Report for the period end, page-3

re: Ann: Quarterly Activity Report for the pe... Hi HBSWRX .. you seem to be doing all the work here...

Have been watching TSX for a while to see how ASX follows or leads ..
The following data is from ;
http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=MNB&x=8&y=7

Open: 2.080
High: 2.130
Low: 2.020
Last: Change: Volume: 1:37 PM ET
2.020 -0.050 (-2.42%) 662,550 July 27, 2010

Nickel price at time of posting;
Bid/Ask 9.2601 - 9.3054
Change +0.0000 +0.00%
Low/High 9.2601 - 9.3054

I see it could go either way on opening , which sounds like a 2 bob each way bet .

I am looking to re enter .. had a short ride fron $1.97 - $2.18 ...
Quarterly looks good to me. $M30+ float. Good Cobolt and Copper recovery.

Nickel assumptions for long term seem to be down.Only really used for up and coming mines for evaluation purposes.. Can anyone remember the Nickel price assumption pre Santa Rita construction?

S&P raised its nickel price assumption for the rest of this year from $6.50 per pound to $7.50 per pound ($16,538/t) for the rest of 2010 and from $6/lb to $7/lb for 2011.

"Consumption has strengthened in recent months, although inventories remain high," the analysts advised.

"Price assumptions for 2012, 2013, and the long term are unchanged," they said. "However, prices remain volatile."

Nickel price assumptions for 2012, 2013 and long term are all $5.50/lb.

above from :
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=108452&sn=Detail

I will get back in on a dip , if it shoots up , good luck to holders.