falconbridge ceo's statement to themedia suggests a quick reslolution with the union is still possible; the nickel producer is producing at 50% pre strike capacity and with stocks in hand the co believes it will be able to supply its customers for another month. if this strike is not resolved in the next 4 weeks then the crunch comes. as for smy the attraction in not just the nickel price spike( of course this helps) but the fundamentals: - 5 year mine life BEFORE proving additional reserves below 500 metres
-1st shipment only months away
- initial production 7000-8000 tonnes p.a. IMAGINE the revenue/ profits
SMY Price at posting:
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