RE: Base metal playsI own some LionOre and I added more today -- when you see the fact that the LME inventory is very close to zero I can only assume that nickel is going to keep rising in price and since LIM is the 10th largest producer in the world they should do very well. They also will be changing the way they process their ore in the next couple of years and when they complete the changes to their processing they should decrease their costs substantially. They made $.28/share last quarter and I expect that they will make at least $.40/share this qtr. If nickel stays strong then I think we can expect better days ion the future.
Take care,
Ken