****nickel aud$9.66lb****

hi guys..

nickel price AUD$9.66lb

lme w/house levels continue to fall.

Nickel 8,634 -90

imo the nickel price will go much higher than it is at present..

we've seen report after report saying a shortfall for at least the next 12months.

whilst we might have small top ups ie:744tonnes like the other day.

i doubt very much it will be more than it was the other day.

thus we'll have levels around the 10-8k, in lme w/house.

the past couple of days has only been a short consolidatiion, get ready (possibly next week) for the price to head strongly up..

as stated before the company's that are producers are the ones that will benefit mostly..

we see costs between AUD$3-4.00lb in most nickel producers..

given the current prise AUD$9.66lb, this provides a very healthy margin..

we could see some company's offering a dividend for the first time, or increasing it's dividend. because of the added profits..

regards