With the warehouse levels depleting at the speed in which they...

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