***put it on your watchlist***, page-4

I sold some Call warrants early this afternoon(about 3% of my portfolio) just in case I needed some extra Money on Saturday(T+3).

I would have been better off just borrowing money from friends or even getting a loan from Cash Converters.

I think the current share price is FAIR but not particularily cheap.

Nickel prices & the size of the resource upgrade at Prospero are now the major caps to the share price.

The Prospero resource upgrade due this week will be the short term price driver imo.

If it's larger than expected JBM will move much higher, if not, lower.

Anticipation of a announcement is providing very strong support for the shareprice currently.

Big Buyers are trying not to show their opinion in Market Depth.

But they have showed up 2 days in a row now at close.

They know Nickel prices have got hammered the last few weeks, they are not retarded, but still keep on Buying.

Sellers are likely to remain thin over the next few days imho until announcement.

Cheers.





Honestly, I do not even know what people are expecting.

A result of 75,000-80,000 tonnes should see current share price levels hold imo.

Up from 51,900 tonnes.

Nickel grade is also expected to move up from 5.4%.

Any grade above 6% imho will be viewed as exceptional.

I expect Voliatility later this week.