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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Condor who wrote (32555)2/11/2007 1:48:34 PM
From: koan  Read Replies (1) | Respond to of 78424
 
Not quite sure what to make of those calculations, or what the author was getting at?

RNG is producing 14 million pounds a year of NI, 14 million pounds of copper and 100,000 oz gold coming on line.

Also, not sure why he included LBE and CML?

Last, speculation and probable new finds either in canada or OZ seems underplayed.

Also, speculation and possibly higher nickel prices going forward are not even considered. When the author says when new supplies of nickel come on line----from where?

Given the degree of industrial, residential, automotive and military demand I do not see a build up in nickel supplies.

A concept EC put forward which is true is that they have been mining Norilsk, Sudbury and New caladonia for 80 years. The easy stuff is gone. Now they have to mine the difficulate stuff which means mining at depth.

Inco's soemwhat recent totten discovery is very deep for example.

I think we could see nickel going higher.