RE:RE:RE:RE:RE:ANOTHER DROP IN NICKEL PRICES...MAY-DAY MAY-DAY MAY-DAYthis is the part that really kills me. When I began reading about impending surpluses 6 months ago, I thought to myself "OK, maybe we're going to head down to maybe $6.50 as a Nickel price". And I am likely to be approximately right in that regard. However, the second part of my thought process was "we are insulated to prices at that level and above." I cannot fathom how the company failed to break even at a nickel reference price above $9.00. It is mind-boggling. Like completely mind-boggling. And so yes, I have no idea how we are going to weather the next two years. Because nickel prices will rebound but they're not going for example back to $12 anytime soon. When we talk about stabilizing I think we're talking about maybe $8.50 or $9.00. and clearly this company is in capable of generating cash at prices below $12.
Sanguinity wrote: If there is any fear being spread, it is in the hearts of portolios ever declining value due to Sherritt.
These numbers are back to what they were three years ago. And Sherritt is still headed down further.
Zero capital appreciation in the face of what, say a 20% decline in the purchasing power of said funds in that time? (talkin' real inflation and not the jiggery-pokery they do to massage the definition of it)