Peoples today I read in the sydney morning herald how rio is...

Peoples today I read in the sydney morning herald how rio is shelving some of its developement projects for now untill the world situation improves in order to preserve funds.
I bailed out at 30c a few weeks ago and have been watching the share price carefully and there has been some preety good support running the stock back up from 15c lows to 27c only for it to return to 18c today.
My concern is will cvrd inco proceed with this very large expensive project in these financially difficult times ??
I know the "experts" were predicting a nickel shortfall in years to come and believe laterite projects to be the future, but what company is going to pump 2 billion plus into any project in these times ??
The probability of being put in the cupboard for a sunny day is high and besides who will want to partake in the jump up dam project now ??
I will continue to monitor the stock but unfortunately the possibility of 10c or less is a real probability. The cash is running out, the phosphate isnt happening any day soon and there will be opportunites in the future to pick it up at cheaper prices.
For all those that continue to hold I hope I am wrong but ive woken up and smelt the roses and they appear to be rotting.
I might through an order in at 10c.