On 3rd August 2006, one year ago, the SP was 2.3c. and the...

On 3rd August 2006, one year ago, the SP was 2.3c. and the quarterley report contained the proviso that the company could go broke. I remember writing at about that time that the management (in my opinion only) was very hands on and would dig the nickel out themselves if necessary. I felt they were worth backing.
Since that time, with the help of Ni price going from US$6/lb to US$24 the company has prospered and appears to me to have used the money well. Like everyone, and with hindsight, I could have made better use of the 22c SP but that's history.
The future depends on the Ni price which today is US$13.5. This slump from the extreme high was predicted along with a prediction of a rise in one or two months. To me its worth while holding.