can anyone explain share price drop, page-21

I can't explain the fall, but a few points to consider:
1) IGO, PAN and IGO were all savaged more or less equally today (if you adjust IGO for gold).
2) MCR has been moving from high cost to medium cost as it's mix of mines has shifted. eg OJ is nearly as low a cost as Long.
3) Sulphur is a RED HERRING. Effects MRE, but not the nickel sulphide producers.
4) These underground miners are relatively less sensitive to fuel and explosives than open cut low grade mines that have to move many times as much rock per lb of nickel.

Seems to me this is the final turf out of nickel stocks by some fundies, in particular a view (which I disagree with) that the Kambalda trio are being viewed simplistically (eg by Duetche) as tired, high cost and yesterday.

EL