Yes ni could hit $20 but not for long.
Substitutes plenty and the longer ni stays so high the more incentive to change.
Take ss knife - can have the handle as ss or plastic /bone etc.
SS tank can bre sub with a variety of things such as fibreglass plastic etc.
Can make steels in different ways depending on application-eg use mn or carbon.
Use different forms of Ni eg laterites could replace about 50k of nickel this year
the worry is the things you cant anticipate
Am not a prophet of doom and certainly beleive Mincor will make great money and have compete faith in their ability to expand.
However better to do your valuation on say US25-27k per ton because it will be there or below in 2 to 3 years time
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