In my opinion, mid caps resources would be the way to go, but only those who have high grade resources, and are low cost PRODUCERS.
For example, and this is no recommendation, WSA is a ASX200 nickel producer with very high grade resources, and cash costs per pound of nickel at around $1.30....the current spot price for Ni is about $4.50, at which price many current producers are falling over. Nickel won't fall much further, and when the market and commodity price turn around, high grade low cost producers such as WSA will enjoy huge profit margins.
