"...it might take another year for it to recovery to $6.5US/lb?!"
Are you sure without Indonesia Ban, Philippine mine closure, and China boom? The resource boom is gone and would take decades to come back. See the historical chart and then you would know it.
After the trend is gone, resource could be in the bottom long enough to kill anyone who is weak. It is the game for last standing. Who will die, BHP or MBN?
Only quick recovery of nickel price could leave enough money for shareholders but it seems impossible and unlikely! After the tide gone, all would be gone except the naked swimmers. The MBN shareholders are naked now without any protection.
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