Such mixed messages on Nickel in the Phillipines

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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Such mixed messages on Nickel in the Phillipines

posted on Oct 14, 2008 12:44PM

http://www.tradingmarkets.com/.site/...

"Nobody is buying (nickel)," Consunji said, adding that "based on current market conditions, it is not cost effective to continue nickel mining operations," the Web site reported."

Then on the flip side Sumitomo is going to jump in on another processing plant to the tune of 1.7 billion?

http://www.reuters.com/article/rbssI...

"Sumitomo is also doubling capacity at another nickel processing plant on the western island of Palawan to 20,000 tonnes of contained nickel per year, he added. NIckel Asia is also a partner in this project.

"These two plants will supply 7 percent of the world's nickel output."

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