Ann: Mincor Unveils $30M PNG Gold and Copper Tran, page-8

re: Ann: Mincor Unveils $30M PNG Gold and Cop... I didn't think we'd see it either.

I'm not a chartist, but since I picked up a few at 99 cents, I think the bottom must be a bit further down.

I think the only think that would keep sub dollar from being a screaming buy would be GFC Mark II. Production will come back as they start accessing the new ore bodies and cost will come down as production comes back up.

Ni prices have been coming down in tandem with LME inventories, which haven't been this low since about mid 2009. I have never been able to establish a relationship between Ni price and inventories, but i would think that decreasing inventories would help hold up the price a bit.