$4.74 right now... if it wasn't for the fears of global recession, stainless steel mills would be stocking up on nickel big time at these prices. Laterite projects have to be seriously questioning whether they should continue construction or put the brakes on the whole project until better times arrive, and we're well beyond the break even point for pig iron production. Depending on the nature of the economic recovery, this may create another huge spike in nickel prices as demand far outstrips existing inventory. Question is... when will this occur.