GREY:FNKLF - Post by User
Comment by
FullSteamAheadon Aug 14, 2007 9:48pm
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Post# 13245938
RE: Will it ever recover?
RE: Will it ever recover?Jim,
I wouldn't base an investment decision on anything you read on these boards.
Having said this, my opinion of First Nickel is that it will remain a small operation, unless they manage to score a remarkable discovery and extension to the Lockerby property (highly unlikely but nevertheless possible) and as such they are very dependent on the price of nickel remaining above $12 a pound. In other words if you think the price of nickel is oversold and likely to rebound, First is a hold, if you think the price of nickel is headed lower, First Nickel is probably a sell.