ASX 0.26% $82.56 asx limited

**nickel currently aud$21,808**

  1. 34,607 Posts.
    hi guys..

    $15,545.00 USD$United States Dollars=$21,808.00
    AUD$Australia Dollars

    Nickel ¬ Jul 02, 14:07
    Bid/Ask 6.9468 - 6.9922
    Change 0.0000 0.00%
    Low/High 6.9468 - 6.9922

    here is the address for historical charts..

    http://www.kitcometals.com/charts/nickel_historical_large.html#60days

    now looks as thou it's back into an upward trend..

    see the 30-60day charts..

    US$7.00lb (AUD$9.82lb) looks pretty certain next week..

    i can't see nickel falling below US$5.00lb in the next 12-18months.

    even at US$5.00lb (AUD$7.00) most nickel producers would be over the moon..

    mincor having recently stated average cost around AUD$3.80lb..

    fox resources recently said AUD$2.00lb when mining starts..

    so as you can see the above two examples still provides company's with a healthy margin...

    regards
 
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