It could be. but then again it might not. The nickel price is below $4. The cheapest it has been in decades, if not ever. This could turn up, but it would need to keep going up for there to be any increase in the sp.
I see the immediate future for this company in the new tenements. I have ridden PLS from 2.5c to 33c. I have bought into this because there is pegmatite on the new ground, if spodumene is present in it (and there is plenty next door) then sit back and just watch the sp while you sip your Bollinger. As a bonus there is also gold in the new tenements. We will have to wait for some drill results but I like our chances.
Cheers
Neptune
MPJ Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
