All,
You need to calculate nickel price in A$ on any given day.
When A$=US$.98, nickel was around 19 to 20. The A$ is slid nearly 30% since then, and would need more than a 50% hike to get back there.
Unlike many others, MCR's mines and costs are on Australian shores. They may end up being more competitive than 90% of the world.
For now it seems, the lower metals go, the lower the A$/US$ exchange rate gets.
Still buying.
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