Huge volume today (22.2 Mil ) with a solid consolidation above .30 well done holders.
The recent LME news and Nickel run has brought attention to the Nickel sector
Majority of Nickel stocks are benefiting from the attention.
As investors move in on Nickel and complete their DD they will realise that the growth stocks (explorers) are still years away from production and that zero tonnes of Nickel at $US100,000/t still equals'
zero.
I anticipate investors will gravitate towards producers and Panoramic are well positioned to leverage the increased nickel price.
Below is an updated/extended share price estimate edited by myself based on Morgan's analysis using a continuation of calculations to current Nickel spot price.
Do I think that 100,000 Nickel spot price will sustain short term? No maybe not.
Will Nickel price continue to uptrend above 50,000 towards 100,000 over next 2-3 years? Very likely, forecast supply demand certainly suggests so.
