Dear FedExpress
As MRE already has a 30 year mine life at these levels, it is under no pressure to find further reserves - JBM does not have that luxury.
Also, a spot nickel price of US$40 K which now appears to be more than a possibility in the next 12 months will send all the nickel plays through the roof.
If you want to consider how elastic nickel stocks can be then recall Poseidon - that stock paid for my private school fees as a boy.
Regards Eos
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