I agree, the leverage they get with any increase in the nickel...

I agree, the leverage they get with any increase in the nickel price is powerful. From memory, they were spending about $3US to pull a pound out of the ground and process, so when nickel was five bucks a while back, they were only making a couple of dollars profit, now with nickel up near $8US, they're looking at $5US per pound, according to my very simple understanding of this one. Decent leverage there if nickel manages to spike up over $8 a pound.