GREY:FNKLF - Post by User
Post by
lowroller3on May 08, 2014 3:53pm
234 Views
Post# 22540472
Spot Price of Nickel is now $8.75 a pound.
Spot Price of Nickel is now $8.75 a pound.It's sad about the two employees losing their lives.
But on the brighter side, the spot price of nickel is now $8.75 a pound. We could see nickel selling at $10 this summer.
Hey Caddyman, let's be realistic. FNI's cost of producing nickel last year was close to $6.00 a pound plus adminstration costs of between $1 and $2. FNI then sold their nickel at $6.50 a pound. No wonder FNI lost money. You can't blame management for FNI's woos. Maybe you should invest in another stock.
But if the nickel prices keeps increasing, and FNI earn a nice profit this year, the stock price of FNI could very well double next year.
https://www.kitcometals.com/charts/nickel_historical.html