Jojo,
The beauti about JBM is it is very very robust even if nickel dropped back to A$10/lb.
Sure if we get A$30/lb again or even A$20 MCR will be the better share. After the last rollercoaster however I am after a bit of short term safety, with near assured strong long term value accreation.
And if I get some good gains, going to look at some put options or something to protect the core of them.
A bit wary of jumping into Cu, Zn etc atm, so back way overweight nickel, via IGO and JBM. Can't see much downside in nickel, stocks are mostly sold off as if it were sub usd10/lb. Can't personally see whether Cu should hold above $3, or even $2.50 for that matter?
Why buy an ALB, a MBN, AGM or WSA when you can buy as much 2011 tpa ni for your $ with JBM, get better margins, have great divi's and debt free meantime, with fewer risks.
Anyway, goodluck. Another LIM?
EL
JBM
jubilee mines nl
