I'm taking igo out because it's relatively priced in. PAN is also a high cost producer for nickel so I took it out. now with growth potential I feel are these four, which have relatively high nickel % Producer: Wsa and nic explorer: mcr and Sgx
sgx is still pending announcement.
with nickel price increase at 9%, where would you put your money?
for short term, I'll wait for sgx announcement on Monday. if it is very positive, sgx first priority. if not, I might go for wsa as it hasn't gained much compared to nic. I like mcr as it has 170k reserve and is only 150m cap compared to nic and wsa which have 600 (understandably because they are already producing nickel, but 150m cap shows very high upside potential)
so tell me, where would you put your money tomorrow on Monday?
happy to be corrected my list in order will be:
1) sgx (pending announcement) 2) wsa 3) mcr 4) nic
WSA Price at posting:
$2.48 Sentiment: Buy Disclosure: Held