another new deal, page-6

Hi dolphin,

In my opinion we have $5 in our pocket solid and surely with the latest deal.

Mincor will be the third biggest nickel sulphide producer in Australia in the 2008 financial year.
Its production expansion will be behind SMY but in front of JBM (according to the AFR article of today)

Payback with current forward prices should be less then one year production!!!

I think this is a great deal as I said before and the market will eventually come to the party.

Next to the high Nickel price , Good management is the next best thing to have in a company.

We are lucky with Mincor to have both.

good luck and remember no nickel coming from Norilsk for the next month.

jojo