Plunging nickel takes shine off Sudbury boom

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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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whaler

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Plunging nickel takes shine off Sudbury boom

posted on Oct 21, 2008 12:00AM

Kind of has that feast or famine ring to it. The reversal of fortune so to speak

http://www.theglobeandmail.com/servl...

-"At these prices for nickel, it's pretty hard for any company to sustain margins. We're no exception to that," said David Constable, a vice-president at FNX.

-"In the last four or five weeks nickel really started to slide and there was no point. At some point you've got to make a proper business decision," William Anderson, First Nickel's president and chief executive officer, said in an interview.

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