KD,
NIC is NOT an OZ Ni sulphide producer.
Its a chinese laterite producer in Indonesia using cyanide and HPAL chemical leaching process run by BIG SHOT (major holder in NIC & getting 100% of its offtake at pathetic low prices) and using cheap slave labour polluting the local rivers and dirty low grade with high death toll (43 in Indo this year alone) & high injury toll.
NIC is UP 23% today so good news taken by the market contrary to what you thought.
the only cactus is AFAF BHP PAN MCR IGOs cosmos & FF & laterite producers in Indo imho.
IGO has been rebounding from 2 year lows and still producing from Nova (same size MILL as at LJ)
soon POS follows the rebound pattern imho
you are comparing chalk with cheese buddy.
Volume, page-2135
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