RE:Nickel credits = 75$ - 80$ per gold ounceThe bad thing about nickel is also the good thing about nickel
Many nickel ore bodies are very large and last 50 to 100+ years.
They are similar to iron ore.
So. When there is an excess supply it can a long time to move away
from the glut.
The flip side is that when a shortage comes about, as is happening now,
it can take a decade or decades to open new mines or expand existing mines sufficiently to balance supply and demand.
We are now at a point where a shortage seems imminent. We could have
high prices for a decade or more.
A $50,000 price is possible but not so likely.
Good days are ahead. A $10 share price may not be so far off and if the
drill bit does well we will be heading to $15 a share unless we are taken out too soon.
mat