basically, page-32

NP straight up Friday night, decent rise to 3.895 then held gains at 3.87

http://www.*****net.com/charts/metals/base/t24_nk180x150.gif

NP has now regained its 3.70-4.10 low range handle,
with a sharp V rebound
look at the chart below

http://www.*****net.com/charts/metals/base/spot-nickel-6m.gif

If NP can again attempt its 5th breakout of the top of this range at 4.00-4.10 and hold above it may go to the next point of 4.45-4.86 where it was only 4-6 months ago, see graph above.

With MCR MBN PAN POS Vales Onca Puma, FQMs Ravensthorpe already shuttering, soon Glencores Murrinmurrin and then BHPs NWest to shutter, the Ni deficit will be massively larger.
Many wont be able to restart until NP is at 6.50uslb.
For example PAN MCR FQM COP is at 5.40uslb so to justify a restart and safe profit margins NP will have to be 6.50 forget 5.00 like POS.
POS announced at the AGM they can restart LJ/SS with NP "below 5.00", and at the ANC announced a COP of 3.43 at LJ with grade of 1.8%, so a grade of 6% at LJs EA or 12.2% at SS are game changers for POS and they could even restart now with COP around 2.50-3.30 on my maths.

If WSA can have a COP of $2.50 with a grade of 5%, POS can have easily a COP of 2.50 with a grade of 12.2% at SS or 6% at EA especially without massive capex to build mills and mines from scratch like SIR/IGO of $450M, in POSs case only $10M capex or so.

Gold
I agree with Antonswig, don't underestimate POSs Gold tailings and gold prospects, especially LJs and taylor rocks.