V_H,
Nice to see you posting on MCR...
from your link... (28 April)
"Small deficit expected on nickel, copper and aluminum markets in 2016
We anticipate minor deficits on the aluminum, nickel and copper markets in 2016. For base metals we forecast more favorable fundamentals on the nickel market — nickel prices may rise significantly in 2H16. We note that recent data on stainless steel production in China look promising as an indicator of nickel demand."
... So now we see that LME stocks have been steadily declining to less than 390,000.
...and NI price on Saturday holding up well over $US 4
Still its along way for MCR as it says it needs $US6 to get back into mining.
The MCR gold play is looking exciting and oppotunistic but may just deliver another string to their bow
cheers
M1
gasprom, page-2
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