q report, page-7

Forward sales at 16k for two tonnes, not a bad effort considering that makes up only a small amount of future production. I think MCR are in the box seat and if Nickel prices stay above 14k they should be able to provide a good return.

This company intends to grow and all predictions of furture nickel demand are strong. China is still is having a growth spirt however they don't want to pay too higher price for the raw materials as will cause a negative style growth with inflation going out of control.

Nickel looks good for next two years and I think MCR a good short to mid term bet. I may buy some more at this price!