The perfect nickel proxy portfolio IMO: NWI/NI, BMC, FNI and RNG wts. I would split any investment exactly between those four plays.
A while back, 4 months?, as lone clone will attest, a bunch of us and especially lone clone and John Macarthy went through a bunch of nickel juniors with rigorous work-lol. Two emerged a head taller, in our opinion, from the rest. LBE and BMC.
For the reasons below. PS I think all four of the above (about a buck now) are as good as LBE at almost $3.
I split my money between both LBE and BMC as I could not tell the difference, but some liked BMC better for awhile, including me. LBE and BMC were in the .50.60 range, I think. Anyway LBE took off like a rocket to almost $3 and BMC sat.
Somewhere during this time onepath brought up NWI and I took a look at it and started buying it in the .30;s. Thanks onepath!
Then I saw life in FNI. I sold all of my LBE at $2.76 and went down and bought FNI (in the .50 cent range) and some more NWI?
Later I started accumulating BMC. I remember saying to someone who asked why I was selling LBE for FNI: " Do you really think LBE is 5 times better than FNI?), if not, then it is prudent to make the switch i.e. 1 LBE for 5 FNI. But I still was not looking at BMC yet, having sold what I had earlier.
Marcos really liked BMC though and he knew way more than I, so I kept my eye on it.
I loaded up first with NWI though, in the .30's (can't remember if they were talking about spinning off NI yet), but they have a hell of a nickel property that may have as much or more than 200 million tons of .67 nickel (the same as RNG) and shallow. NWI has 3 killer nickel properties that they are going into the spin off in to NI and are in killer nickel districts in Eastern Canada, Timmons and Sudbury I think i,e, large and rich deposits of nickel.
Then FNI (Sudbury) in the .50's, started showing life and some frineds of mine liked it, (thanks GWR and Hank 2010) and it looked like a turn around (which was when I sold the LBE for FNI) when they came out with the 34 meters of 3.15% nickel and 1.7% copper. I think, I started buying then-lol.
Getting pretty complicated and I am drinking wine-lol.
Then not to be outdone BMC came up with 30 meters of 4+%? nickel and it started moving.
Then for a bit NWI, FNI and BMC were sort of tied around .90. Most thought FNI would lead, the most likely once again did not lead. This time NWI led followed by BMC. FNI is now sitting and consolidating after a nice run and key reversal.
Yesterday and today I started buying lots of RNG wts and will buy more tomorrow. This is a gamble, but the odds are in my favor I feel and there is a better than 50% chance of a 10 bagger on the wts before the end of the year.
I have decided I want equal amounts (in cash terms)of NWI/NI (when it is spun off Feb 6), BMC, FNI and RNG wts.
The perfect nickel portfolio and proxy, in my opinion-lol.
Good luck and cheers,
PSS sell the RNG wts around the end of the year if you are a newbi and do not understand them. |
