re: longer term outlook is brilliant "If the current price of...

re: longer term outlook is brilliant "If the current price of Nickel remains around these levels for the next few years ( ambitious but possible) then AGM looks more like a $3 to $5 stock than a $1 stock. Anyone agree? "

I agree with this assessment, although I dont think that there is any doubt that current nickel prices will be with us for the next decade. As Tony Howland Rose keeps saying, present prices are still below the prevailing prices for the 1950 and 60s adjusted for inflation.
The massive infastructure development in rural China is going to happen no matter what the rest of the world does. The Chinese Govt has decided thats whats going to happen and it will, barring a major catastrophy to the world economy.
Nickel will still be in short supply when the big nickel projects get going- extra 50000 tonnes needed each year, and that was before the Chinese govt started planning its push to concentrate its resources into improving rural infastructure.