PEL 0.00% 1.7¢ pelican resources limited

interesting little mining company, page-14

  1. 8,616 Posts.
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    plough,

    As far as nickel price drops go, should be recognised that due to the type of revenue it will receive, it is only partially exposed to any price drops...which is why there are so many similar operations (with lower grade) that have been operating for so long even in low price nickel environments (im talking sub $4 per lb.)

    As for the filipino person, its neither of those two...hint GGX.

    Sabre, you can short it if you want, my broker is more than happy to for you...

    Plough, dunno whether buying because options jumped is the best strategy, but good luck...i would be waiting for it to drop mid 5s (of course it could spike, but im no believer in the sustrainability of price spikes).

    Cdchi1
 
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Currently unlisted public company.

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