Re: Very Scary reason why SP is falling??
in response to
by
posted on
Jun 12, 2010 08:30AM
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)
Sudbury,
I see you posted your response without any comment as to the article.Brilliant!
I drew attention to the article because people on this board deserve to know what is going on in the world of nickel and specificically in China where alot of it is used!! You have a problem with that????
I do not have a pissed off attitude and as I said have been adding to my NOT position lately.When I read an article like this from a reliable source, it makes me stop and think and share it with this board.
Apparantly it makes you shove your head further up your *ss and go into denial.If you don't like the article or don't believe the article that is your right BUT..
Do not berate me for bringing this to the boards attention. The fact that you think " I dont have any friends " because I drew attention to the article is pure nonsense. Check out your 2.4 rating!!
If this NPI is suppressing nickel prices and it most certainly appears so then it is a major problem. Production is expected to double next year and bear in mind that they only started prodcing NPI in 2005!!
As to the environmental issues,they do exist but are only one of many in China. They do have the technology to clean up their act and continue to grow production.
Look at the facts in the article.
- BHP Billiton has turned bearish on nickel and sold off some of its mines!! The emergence of NPI was a key factor analysts said
VP Quada/FNX says " it does put a cap on world nickel prices "
So ,Do you really believe that the board has no interest in this story and that I am just "sharing my pissed off attitude" ? You are one sad excuse for an investor.....but you would have made a great book burner!!! Rico