Although it is nice to see the rise in the price of nickel, this has been expected. Supply and demand will price the metal accordingly.

For Victory, this does not impact them at all in their current business activities. The price will help the economics of the Minago project, but the focus of this company is the frac sand right now. We have heard that they are securing the supply from Wisconsin, but no word on what they are going to do with the sand at Minago.

We are also waiting on word of sales from the 7Persons plant that will start the cash flowing. That will be the real driver in the SP at the moment. This will give them funds to pay debt and finance future operations.

With the price of oil and especially gas rebounded, the drilling activities are going to be accelerating, and Victory is just now coming into production at the right time to take advantage of that.