The $3.90 is a 12 month target on assumptions. All analysts and...

The $3.90 is a 12 month target on assumptions. All analysts and folk crunching numbers will always have a different view point. The nickel price remains the overall driver.
Prices move lower and higher when you are this short. It's a crowded trade to some extent.
When this turns, it is those shorts who will amplify the move up. They amplified the doward movement.
The stock at $2 is cheap, even by a ten year standard.
I don't know when things will improve, but the stock at these prices does represent a good opportunity for those willing to play.
Macquarie has a target of $2.80. Shaws say $3.90, you say $2 and mac is close to the middle at $2.80
I think that price target is realistic for a nickel price turn and short rally this year. I consider that a good return. That might even be a mid range point for the stock. If someone lobbed a bid on the table, everyone would immediately freak out and say it's too cheap.
I think nickel actually went up last night. Please dyor.