That is great news for Australian nickel producers. Spot AUD price of nickel is $14,193 per tonne. Some healthy margins for WSA, hoping to build their cash kitty to $175m by 30 June.
A re-rate is imminent and with other nickel producers lagging, WSA is primed to shine.
The more mines that are closed, the more upward pressure on the nickel price and the higher margins WSA realise for its shareholders.
I hope a brave significant investor gets its claws into WSA now and triggers a major short covering rush.
WSA Price at posting:
$2.40 Sentiment: Buy Disclosure: Held
