with falconbridge which accounts for 5% of world nickel production going on strike at midnight 01/02/2004 companies like smywill become increasingly important to theirchinese partners jinchuan which is the largest producer of nickel in china.
with plant completion and 1st shipment to china scheduled for june-august 2004 there isn't too much time left to get into a position in smy @ current prices. the project was predicated on nickel price @ $3.50/lb; close of nickel price last friday in US was $6.99/lb
SMY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
