JES,

It would seem to me that there will be a lot of examples of companies suspending production at these prices. Although this is good from a supply perspective, unfortunately demand has fallen as well. If the gap between supply and demand does not get better, closing mines will have no significant positive effect on Ni prices. Not that I have to tell you that.

The biggest thing we have going right now, assuming we will have a financing announcement very soon, is a 6 month window before we get to full production. We don't have to have a tremendous increase in Ni prices to have a profitable company at that time, especially with lower energy prices and a more favourable Cdn $.

All of this tells me that, after the financing is secured and announced, this downward pressure on our SP will subside, except for that caused by Ni prices, of course.

Cheers,

Bluenoser