What Victory should considerThe nickel price has been solid lately, even with the continuous buildup in stocks on the LME. What concerns me in the short term, is the Sudbury strike. When the Sudbury strike ends, I’m expecting a short term nickel price stagnation of about 6 months.
This is why Victory should consider putting the Frac Sand project into high gear for near term production.
Doing so will give them lot of leeway.
I expect that the Frac Sand project will create good per share earnings, when coupled with the later rise in nickel, will propel Victory balance sheet so they can obtain the necessary financing to complete the entire Minago project.