Over the last month, the price of nickel has increased by nearly 20% to over $US12,000 per tonne. In the June quarterly report Metals X stated that the nickel price was still depressed but had stabilised at $US9,000 per tonnne - so the price has obviously taken off since then.
At what point does the market recognise the company's world class nickel asset at Wingellina, and indeed at what price does the project become a commercial reality?
Have to say that everything seems to be falling into place for Metals X, and to my mind the market has yet to recognise the company's true value.
Wingellina Nickel Deposit
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