Let the drill bit do the talking., page-118

With the warehouse levels depleting at the speed in which they are, demand increasing and new Indonesian production being delayed I think Macquarie got it wrong at a 20% increase. No reason why the Ni price should not get back up to US$16k per ton where it was in June 2018 when the LME level was at 280k ton (40% increase on today's price) but who knows it could go even higher as the LME levels go lower and markets panic. I might be dreaming but to add a bit of positivity to the situation I'm predicting US$20k per ton within 12 months - would do magic to the sgq resource definition valuation.

Just my thoughts.

Cheers SandyC