A very simple calcluation for Alb would be start up cost 150...

A very simple calcluation for Alb would be start up cost 150 million less debt of 50 million. This doesnt include all the speculative value. This is selling the kitchen sink value when eveyone quits. If you add a very conservative 30% premium of for speculation, you could allow 67cents as a valuation. Take a look at what POS was with nothing in the bag, better still pos is 18 cents now and what really do they have, miles away from production.

Evidence of a rise in the nickel price comming, between (DEC 2003 AND MAY 2006) THE MEDIAN NICKE PRICE WAS AROUND 13000 abd 15000 usd PER TON. Remember production cost have gone up by 30% since then, at the very least.

Look up historical price on www.lme.co.uk, sure before 2003 prices were lower but remember that the world ecomomy has grown and costs have risen, therefore for enough nickel production to fill the market due to rising costs of production and increased demand prices need to rise.

I believe that the expansion of the chinese market even in a recession will still see nickel rise to a resonalbe price for ablidon to be very successful company.

From my understanding over 50% of nickel producers in the world have a cash cost of $5.50 per pound. Albidon will make a killing at 7 per pound. It will take some time before the higher cost producers come back into production if at all because markets will be too scared to back them. This creates lots of cream for low cost producers.