"A $US1 a pound move in the nickel price could result in as much as a $1.50 move either way in the WMC valuation.""
http://www.theage.com.au/news/Business/Xstrata-gets-jump-on-three-ugly-sisters/2004/11/12/1100227581074.html
interesting.
cheers.
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- $1us/lb = $1.50 per share to wmr??