first nickel production at armstrong

Titan Resources has just announced first nickel production from its Armstrong mine near Kambalda in W.A.

The Armstrong mine is forecast to produce 465,000 tonnes of nickel ore over its three year mine life, with the Zabel, McEwen, Munda and Widgie deposits all potential near-term development opportunities which should expand mine life considerably.

According to Warwick Grigor's analysis of junior nickel producers last year, Titan's production costs should be substantially lower than most of its competitors, ensuring profitability even if nickel prices fall significantly from their current buoyant level.

At around just half its share price of last year (a high of .62 cents) and with significant cash flow now coming in from Armstrong, at just .29 cps Titan has the best potential for share price appreciation of the nickel juniors in my view in coming months - particularly as its ample cash reserves enable it to explore and develop mines simultaneously.

I have a strong vested interest so conduct your own independent research before investing.

Gupper.