I hear all the fuss about the nickel price and wonder why people...

I hear all the fuss about the nickel price and wonder why people so quickly forget that SMY (as are most commodity companies) are well hedged.

Research suggests that the ave expected realised price for FY 08 is somewhere around A$35,000 / t.

The numbers are more stable going forward than simply looking at the spot price and panicking.

Negligible debt, cash in the bank and exploration upside.

DYOR.