OTCPK:NOSOF - Post by User
Comment by
dwotherson Sep 14, 2007 2:58pm
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Post# 13400716
RE: Top 4 Nickel discovers this year...
RE: Top 4 Nickel discovers this year...No question that NOT has released a result with an amazing grade, but here is something investors should seriously consider...
Nickel is highly abundant -- there is about 140 times more nickel in the Earth's crust than there is copper.
Nickel demand is relatively small compared to copper, about 1.5 million tonnes per year compared to about 18 million tonnes per year.
The relatively small nickel market means nickel price is probably easier to manipulate. Remember, the Hunter brother were able to push the price of silver up to $50/oz in the short term by only controlling 8% of the world supply.
Make no mistake, there will be more nickel reserves/resources found than the demand could possibly absorb over the next 100 years because of the unsustainable nickel price that is a serious aberration to fundamental analysis when you consider the abundance of nickel.
The ones that will win will be the ones with large deposits and good grades. NOT is demonstrating the good grade part on what they have released.
You can check your periodic table for the abundance of metal at https://education.jlab.org/itselemental/index.html.