will it hit six dollars soon?

Nickel has been having a stellar run of late, rising from $4.2297/lb ($9,473/t) on the 24^th of December to its current level of $5.8665/lb ($13,141/t) with a peak of just under $6 last night ($5.9504/lb~$13,329/t at around 11PM our time) (Kitco live Quotes).

Six bucks can't be far away. Stocks at LME have flattened out with only 1% rise in the past six sessions, a fall can't be far off.

So many Nickel producers went into care and maintainance after the Nickel Price collapse that a shortage is surely on the cards after their stockpiles have been exhausted (sometime soon).

Nickel producers such as Albidon (ASX ALB, London ALD) that claim to be able to get costs down to $4/lb by March are extremely well placed. No wonder Albidon managed a 30% per day rise for 5 days in a row, a slight dip to +5% yesterday (but still positive :) and it has put on just under 14% for today (thus far).

Are there any other companies well placed to take advantage of the Nickel price rise? ALB was extremely oversold. It had just become a producer and was still ramping up when the Nickel price slump hit and the SP dropped to a level more appropriate for its previous status as a prospector. Thus it has a lot of ground to make up. Some comparisons:-
MCR lost 90% from its peak,
PAN..."....87%...."............."
IGO...."....86%...."............."
WSA.."....73%...."............."
ALB..."....98.5%.."............."..(Albidon)

And ALB still has plenty of ground to make up to catch up to the others listed, about 150% from its current SP would bring it back to the mean.

Robert

PS: ALB rose to +17.65% just while I was typing!!