HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: LME and NICKEL and GOLD
LME = London Metals Exchange: The Exchange provides a transparent forum for all trading activity and as a result helps to ‘discover’ what the price of material will be months and years ahead. This helps the physical industry to plan forward in a world subject to often severe and rapid price movements. Such is the liquidity at the Exchange that the prices ‘discovered’ at the LME are recognised and relied upon by industry throughout the world.
Nickel supply. Looks like it is flattening here:
Nickel price. Doing well in the recent short term.
When you look at prices for the last 5 years, it does look like we got a little ahead of ourselves, but also that price should be turing back up based on the general curve.
HOWEVER, NOT's ACE in the HOLE is Windfall, which will pick up any slack in nickel prices. Everybody LOVES GOLD, with more loving it everyday as they see through the mirage of fiat.
BK
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