I'm sure WSA would like to obtain the resources at the right price but sensibly are going to play down their interest at this stage, obviously hoping that no one else comes up with an acceptable (to KZL) offer, and perhaps get a bargain.
Though the nickel price chart doesn't look catastrophic over the last three years it should be remembered that the $5 per lb price of late '08 was totally unviable for producers, especially after the highs of '06-'07. At the present price it's a pretty marginal game so I don't think we can look forward to hoards of potential buyers queuing up. Hope I'm wrong.
KZL Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held
