It’s incredible the run in nickel (us$27,400+). Even when the market was pooing itself, nickel held really well given the strong fundamentals.
I was watching the CEO of Canada Nickel yesterday talk about the disconnect between the price of nickel and nickel miners and was of the view it would be a matter of time before investors jump back on the nickel miners.
The revenue from our November/ December shipments is exactly what we need given where nickel is currently trading at the moment - Just gives us the extra boost.
It also appears that the run is nickel is based on real supply/ demand this time around (not like March/ April’s short squeeze) which was short lived.
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