Indeed, lots of nickel in the Philippines. A beautiful and dangerous place, popolated by some of the warmest people on earth, though I have not been there in a very long time.

No telling what will happen next in Indonesia, such a corrupt, erratic and backwards place.

More significantly, I think, is the fact that Russia is facing sanctions for it's behavior in Ukraine, their Norilsk nickle mine being the largest on earth.

Here's some older news on the nickel market and it doesn't even mention Russia.

http://www.metalbulletin.com/Article/3329605/Nickel-market-will-be-in-deficit-in-H2-2014Macquarie.html

Given the price of nickel, this could be as important to Hay Mountain as any other metal in the mix there, if not more so.

VP