Re-Developing The Exciting Fox Mine, Near Lynn Lake Manitoba

Rox Resources Signs "Letter of Intent" to Acquire Four Properties Near the Thompson Nickel Belt, Manitoba, Canada (March 4)

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Message: The End of A Bad Year

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chico2

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Re: Nickel low $4?

in response to Nickel low $4? by uncaPPed

posted on Jan 16, 09 08:10AM

I think $4 is going to be close to a bottom. Big nickel operation like INCO are closing shop, refusing to mine ore at these prices. The global slowdown will curb nickel demand ALOT, so inventories will take time to work through. However, gradually you will see inventories decline even in this weak demand environment. Requires lots of patience to sit and wait but thats what it takes.

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