The announcement states: For reference, the June 2014...

The announcement states:
For reference, the June 2014 Jury-Metcalfe Reserve was based on an average nickel price of A$20,600/t (see Company’s ASX announcement of 1 October 2014).

The current nickle price is US$16,306/t or A$18,960/t (0.86 for the exchange rate), which is only 8% lower than the June 2014 AUD price. At the same time the share price was punished and dropped from $1 mark to where we now.

I start to like the share as the price dropped to a level which shows great potential for the upside.

On a different side, the cash per share is 21.7c calculated on the cash on hand of $70m as of 30 Sep 2014 and 322m shares on issue.