Nickel Pig Iron
It used to be that when nickel hit 12 bucks the nickel pig iron producers would all fire up in China and bring the price back down. Interestingly enough with the price of met coal above $300 for the foreseeable future it is unlikely that these small producers can afford to produce npi (nickel pig iron).
This bodes extremely well for UMJ as well as for met coal producers and developers.
On a more macro sense I am very please with the way base metals have outpaced everything else (oil, gold, gas etc) in the commodities racket. Low oil prices help spur the demand for base metals and stable gold points to a more stable macro back drop around the world.
It continues to amaze me that we are sitting so low in stock price. An interesting observation I have is that there is very little for sale at 15 cents. One of the directors just bought 2 million shares and the private placement closed in 24 hours at 18 cents.
Just goes to show how fickle the market is, and how easy it is to make money. Just don't follow the crowd!