Post by
dellrey6666 on Nov 18, 2010 10:43pm
The Nickel Industry: BRIGHT!!
" Longer-term nickel supply and demand fundamentals remain strong and
favorable. BrookHunt is predicting that a nickel shortage between 2016 and 2018 will drive nickel
prices higher. Brook Hunt forecasts continued nickel consumption growth with
11.5% estimated growth in 2010 followed by subsequent growth around 5% per
year to 1.890 Mt in 2015 and then by about 3% per year to 2.5 Mt in 2025. China
is expected to lead the consumption growth driven by increasing demand from its
stainless steel industry. As existing supply is expected to plateau, new projects will
be increasingly relied upon to narrow the expected future supply deficit. Nickel
supply is expected to increasingly come from laterite deposits which have
historically faced greater technical and operating challenges. Should new projects
face such challenges, future supply could be further constrained."
Comment by
TooL8 on Nov 20, 2010 9:13am
Picked up a few shares at .135 friday & going to continue at these levels. Agreed with the future especially concerning LBE which is a bargain at this level. I can see an easy double in s/p within 6 mos. especially with a new management team.
Comment by
dellrey6666 on Nov 20, 2010 11:49pm
I'm not sure if the s/p will double. In my humble opinion (as I've worked for mining coy for 20 yrs) there is something fundamentally lacking in LBE. The so-called NEW mgt needs to do 2 things; #1 make profit, #2 make more profit.LBE is not anywhere near being on the market radar...gold coys will beat us out. hands down. I know as I live in Timmins ONT myself.