macquaire recommendation, page-6

I think the problem with brokers is they try to analyze cash flow etc to the n'th degree - they can't see the wood for the trees.

All you need to do is look at the bigger picture. BRIC countries demand more steel. Steel requires manganese and nickel. Nickel may be in a retracement, but manganese... it is just warming up after coming off very depressed prices.

Sorry if this appears simplistic, but it is really that simple.

Cheers, Mark.