Nickel is the play right now. 4,000 tons in LME-that is nuts!!!! part of the game is knowing what metal to play. I am being rhetorical, I know you knwo that.
But, on a serious note think of this: unlike most other metals, say gold, there are very few good places to find nickel or good junior nickel producers. What kind of mania do you think we will see if nickel goes to $20/$30/$40 or more a pound. They have to have nickel and there just isn't any!
So we have RNG $3, LBE $2.50, FNI $1, BMC $1, victory nickel.50?, FNX, $18, SFR.27, MUM .66, CML.46.
The big money will start flowing through a very small number of viable nickel companies, so where will that take prices??
Hell if there had not been so much cycle technical damage to the metals over the last few decades the above prices would be 5 to 10 times what they are now, right now anyway and then put an upward price in nickel from here into the equationa and, voila-lol!! |
