Nickel Boner Update, page-6005

Meanwhile in the real world -

NP still $7.30 uslb
and holding up, no crash or 2015 prices happening, but chicken littles are screaming its all over, LOL.
In fact the NP has held up well at double the 2015 -2017 lows of 3.50-4.50
NICKEL Price

16,080.00
+85.00
+0.53%
02:29:21 PM EDT 8/9/2024 MI Indication

Interestingly BHP, IGO WSA (now IGO also) all kept on producing during the Ni winter of 2015-2017 when NP were below 5.00 yet now they are all in panic and shuttering at 7.30, LOL.


There has been no NI Crash, the NP is lower than 9.00 but way way above 4.50 or 4.90 or 3.00 my breakeven price for POS production and the AUD$ is 30% lower than then also plus all those 5000 unemployed Ni workers are now asking for reduced pay & will work more productive and longer hours to get working again so costs of salaries have near halved imho as has the accommodation and benefits costs.

3.00 - 4.90 - 7.30 are strong 50%-120% margins still.
And POS SP when NP last was at $7.30 in 2020 was 7.0 -8.0c forget 0.40c LOL.

Where are all you chicken littles to scream the sky is falling, cat got your tongues?!