Despite the nickel price being pounded last night, SMY has more than held it's own today. Perhaps over the last few weeks, all those funds that needed cash and all those who got hit with margin calls have been more or less cleaned out.
Lets hope the price of nickel can hang above $13 a pound, and SMY have a good run production wise over the coming months.
I'm wondering if ongoing plans for the acquisition of a gold project have been shelved for the meantime due to the current credit climate, or maybe the'll surprise us shortly. Perhaps they've missed the boat on that trip, as given the meteoric rise in the gold price, you'd think that new price tags would be getting attached to any potential sales in that area.
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sally malay mining limited
that hurts, page-5
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