Production cost JBM $3.50 lb while SMY cost $5.00 to $8.00 lb. SMY costs include a couple of blow out, once off costs so if we say SMY produces at twice the price of JBM however the share price refers to a seven times difference. JBM talk about China building massive railway infrastructure with resources stockpile in nickel of 2 days compared to 35 days one year ago. On SMY site a broker presentation boosts that SMY sp of $2.20 is equal to nickel selling at $6.00lb whereas the forecast for the next four years is between $15.00 back to $10.00. I believe SMY is a buy too. Please DYOR, me I'm light and move with the wind, no direction from me.....
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