Always dangerous to sell with a view to rebuy at a lower price with a stock beaten up this badly. It could easily double or triple without any recovery in the nickel price. It could also be back at mid 5's or lower by the end of the week. IMO if you see long term value, get set at a good price, stick it in the drawer and wait until optimism towards nickel returns.
You could buy RHG in the crisis for 5c and whilst it could have gone broke but, it ended being a 30 bagger. FYI I sold my stake after tripling my money... one of my most expensive mistakes.
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