trashed and down 6pc overnight, page-25

Daredevil,

I don't see any midcap nickel sulphide shareprices greatly overpriced, some may be a bit ahead of their developmental status, however there may well soon be some very cheap, as the hot money leaves the sector - at any price. Look at the price paid for LIM.

Nickel demand was strong, and growing strongly, but not at 24/lb. It will settle in the mid teens imho. Then buyers will be grudgingly happy, and there will be enough price incentive to bring on new supply. Imo new laterite or pig iron investments both likely to struggle in the low teens.

Anyway, everyone is welcome to an opinion on hc.

EL