auk down, where to from here?, page-6

Hello again OSR,

So there is some maintain of focus on the NSW nickel after all? It was a bit of a hidden announcement ... thank you. Its good news because it makes me wrong again.

They've been quiet for a bit and its reflected in the SP, but from what I saw in the quarterly there will be a few interesting things to report in the next few months.

In your opinion how far off would 'made progress with' translate to a plan to produce? This is what I'm trying to figure out with some of these speccies that I've looked into.

And any thoughts on CAPEX if Hville starts to gain focus along with the nickel price? Some very strong economic signals signs coming out of Indo and India at the moment, despite middle east and china fears. Global downs for nickel seem balanced with ups. Sure there's a lot of it in the ground, but there's a clear decline in globel nickel stores since December 2009.

Good historical price movement and good resource definitions are one thing ... but its in my nature that I'd like to see some hint of planning beyond that. I think they'll grease through on current cash hoping for some good results in indo before a big CR (if they can). In my opinion only. You'd have to have some confidence to take scarce resources away from a proven, open, JORC, rising commodity price, and encouraging news on extraction options.

All the best - no need to respond if you don't have the time for it, I'm just tossing ideas. Geez this company interests me ... probably because I can't figure it out!