Mirabela Nickel Ltd Ord MRBAF

RE: RE: RE: RE: Other nickel stocks up – what’s up

[jd1655]

I’m  no TA master, but this chart looks bad…. I find myself wondering about the $1.50s being the next stop. But we seem to be holding pretty well in this 1.82-1.84 range today. Maybe we have a floor.  All this is speculation of course and I’ll probably be wrong – I am not one who feels one can predict the market’s direction

 

I look at the overall picture, and Bullman pointed out some of this mine’s positive  realities earlier. Throw in that it is located inside the borders of one the world’s largest growing national economies, and we have a great situation.

 

in the end, my long run belief is that buying this anywhere under $2 is a steal as long as you don’t mind waiting (and you may not have to). $5 by years’ end is not out of the realm of possibility if the world economic recovery is a reality.