Ann: Media release and presentation re 2015 results, page-33

Value Hunter,

Regarding to your link, the presentation used Macquarie Commodity Research as forecast for Nickel and steel production GROWTH (slide 24) and supply deficient (slide 21 onwards). But yet Macquarie cut MCR to 25c share price target (from over $1.50).

Wonder which Macquarie department is correct?

Yes, once 90% producers are under water of course price of Ni will increase. Make sure you're in the top 10%. This is the same as iron ore.... "race you to the bottom". Challenge is on.