game over mr shorter, page-30

(djzab)

the answer to your question is obviously "NO"

Globally Supply and demand sets the benchmark my friend.

however at much lower prices lots of mines become unprofitable and will shut down or suspend production.

this will affect the supply curve and prices will naturally go up eventually and therefore production will resume.

economics 101.

in the case of MRE whereas to build a mine such as MRE will cost over 2 billion and with a market capitalization less than a billion you don't have to be a rocket scientist to work out that this stock is under valued, By how much that's another story for another day.

for the time being Ni supply globally is higher than demand but that can change rather rapidly when instos start their forward speculations on the supply side; which in my view is currently on the way.

we should see a consolidation phase as well as some drastic cost cuttings and in the worst case period of inactivity or complete shut down - this will be followed by a huge bounce in SP.