Ni, Co, Cu, PGM, Au Properties in Ontario Canada

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Message: Re: Fox hit by falling nickel price

Re: Fox hit by falling nickel price

posted on Jul 07, 2008 11:49AM

It does not mean that we will fail. It just shows us that these are trying times. In the mining sector we can look out and see the casualties. Sudbury basin - Falconbridge did not succeed the first time. Shaw Dome - Liberty, ISM - we were past producing mines. There has been a tremendous amount already put into our properties. Northern girl once wrote that you had to think about where we have come. We have the money in place to take us into preproduction and bring us into the fall. We do not know what the price of Ni will be then but there is a good possibility that Ni prices will not remain here. We need to think as has been said before Ni prices are over correcting. Things will get better.

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