so - the nickel price is being crushed (along with just about...

so - the nickel price is being crushed (along with just about everything else denominated in us$.....) ......having fallen circa 14% in 2 months ....and around 6.7% (8.35 A$/lb to 7.78 a$/lb) in A$ terms ...........

AND YET the share price has appreciated slightly over same period ............

mr Mk is "slowly" working out what the "growth" profile means ........

at current Ni prices (imho)
1. POS has almost zero chance of getting debt funding (which implies additional equity $$$)
2. SIR lenders would be thinking abt "asking" for hedge protection
3. PAN (along with MCR) will be "reviewing" all capital expenditures .....
4. the grass roots explorers ......will be praying to their respective funding gods .......

all in all - I am amazed at how "strong" the share price is .........I guess trading at just over 2 times EV/EBITDA (incld lower Ni price) with what is shaping up as an excellent growth profile ........is the reason ...(imho)....

looking forward to next drilling update

rgds
Value_Hunter