I have a geology textbook, for use in Universities for this year, that has a table of Lifetimes ( in years) of currently known Ore Resources.

Here's a couple metals of interest:

Gold: World = 30 yrs. U.S.= 20yrs.

Platinum: World= 45 yrs. U.S.=1 yr.

Nickel: World= 75 U.S.= less than 1 yr.

Cobalt: World=50 yrs. U.S.= less than 1 yr.

Chromium: World= 75yrs. U.S. = 0

So when I hear folks say nickel was a hysteria/mania that has come and gone, I say to myself...declining supply and increasing demand? Why should prices soften in the long run? As well, even if the world economy goes in the toilet, we still need these metals. Things wear out,and need replacing.The world won't go back to the Stone Age, for heaven's sake.It will be a new reality, undoubtedly, but there will still be the law of supply and demand.

And yeah, granted, it seems to be the nature of the beast that stocks/charts/commodities get a little parabolic, or ahead of themselves, and then must cool off for a spell. These things only matter to the traders, who must be nimble, and to the investors in fads/deceptions that were never intended to be long-lived.

Same thing could be said for oil/gas, long term is, this stuff ain't getting any cheaper.

Furthermore, folks like Norilsk and Inco live or die by forecasting FUTURE prices. I don't see them losing faith in Noront thus far.

JMO