Signs of the Times, Mine Closures, Fires, Bankruptcy. No doubt about it.
2009 is the most recent time Nickel price hit the 4$ mark, Factor Inflation and
the 4$ nickel price we are hitting now is definitely unsustainable. Probably 60%
of mines around the world and that includes 100% of NPI producers will close
if this price held for a year.
Don't care if China slows down its consumption of Nickel but at this price who
will survive. Expect a lot more closures in times ahead. DYOR and Yes, we will still be
standing, thank you Br Real.
MBN Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held