SGQ 6.25% 2.6¢ st george mining limited

@Shikari Not sure re your Nickel LME source as the ***** Charts...

  1. 831 Posts.
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    @Shikari
    Not sure re your Nickel LME source as the ***** Charts show the Nickel LME down to 201k as at 14 Jan. In any case 200k is being broken this week if not already. I see 200k as a key trigger that will ensure the Nickel price continues increasing as supply panic starts to set in especially given the stock levels have depleted by around 180k tonnes in the last year. If demand continues to exceed supply the Nickel price will imo definitely go up to ridiculous amounts as there will be no stock left 14 months down the track. New mines must come on stream and fast to meet the demand especially as the EV and Battery Storage markets ramp up. Extra supply will only come on stream if Nickel prices go up as miners need to make money. This is looking like a perfect storm and sulphide sources like sgq will be gold.

    This together with the next drilling program is going to make life super special for all sgq holders.

    All my opinion of course.

    Cheers SandyC
    Last edited by SandyC: 15/01/19
 
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