Kind of like the FMG vs RIO argument. When the demand for the premium stuff goes up then others will try and work out how they can utilise more of the lower grade stuff. In effect prices for both should rise. BTW I am no expert in this metal.
Let's just say I am not betting the house on this, just having a little punt. Looking at the charts seems like a reasonable entry point.
NICKEL MINES LTD >> SP Discussion, page-76
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Last
90.0¢ |
Change
-0.030(3.23%) |
Mkt cap ! $3.860B | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.0¢ | 90.0¢ | $3.256M | 3.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 117582 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.0¢ | 151716 | 5 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| NIC (ASX) Chart |