Nickel stocks
- Thread starter Ann
- Start date
-
- Tags
- nickel nickel stocks
brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,037
- Reactions
- 779
Re: Nickel
I am not complaining and I am not embarassed in saying I DID GO BACK TO SCHOOL.
He would probably say it should be $2.50 if it did have that bit of hedging.nioka said:
I am not complaining and I am not embarassed in saying I DID GO BACK TO SCHOOL.
Re: Nickel
If they hadn't taken the hedging they wouldn't have got the finance for the development and the shares would have been still at 30c or less. I did well from them hedging and all. ( by the way the next "Sally Malay" is AGM and they are not hedged.) Well that's my humble opinion for what it's worth.brerwallabi said:
rub92me
Don't look back
- Joined
- 24 April 2006
- Posts
- 1,071
- Reactions
- 6
Re: Nickel
Completely agree with you on both counts there, nioka (and I'm betting on both to put a smile on my face over the next year or so...)
Completely agree with you on both counts there, nioka (and I'm betting on both to put a smile on my face over the next year or so...)
- Joined
- 2 March 2006
- Posts
- 129
- Reactions
- 0
Re: Nickel
http://www.chemlink.com.au/nickel.htm
Good detailed article on Nickel processing alternatives... Sulphide and Laterite... Worth a read if you are unaware of the wide-ranging differences and capital destroying abilities of the various ores... As Castrol said - "Oils ain't oils..." nor are Nickel Ores...
http://www.chemlink.com.au/nickel.htm
Good detailed article on Nickel processing alternatives... Sulphide and Laterite... Worth a read if you are unaware of the wide-ranging differences and capital destroying abilities of the various ores... As Castrol said - "Oils ain't oils..." nor are Nickel Ores...
- Joined
- 29 January 2006
- Posts
- 7,217
- Reactions
- 4,437
Re: Nickel
A good link.
Less widely known is the fact that sulphide ores are going to diminish in proportion to laterites.
In other words, in 10 years time most nickel demand will need to be met from lateritic ore bodies.
That places the likes of MRE in an excellent position as HPAL processes are complex and costly, especially when they go wrong - ask Anaconda!
So while the sulphide producers will do ok in the next few years, it will be the larger lateritic producers that will reap huge rewards.
SodapopSodapop said:
A good link.
Less widely known is the fact that sulphide ores are going to diminish in proportion to laterites.
In other words, in 10 years time most nickel demand will need to be met from lateritic ore bodies.
That places the likes of MRE in an excellent position as HPAL processes are complex and costly, especially when they go wrong - ask Anaconda!
So while the sulphide producers will do ok in the next few years, it will be the larger lateritic producers that will reap huge rewards.
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,891
Re: Nickel
Nickel closed at US$33,800 per ton ( immediate delivery ): http://quote.bloomberg.com/apps/news?pid=20602013&sid=aB1hiv31Dets&refer=commodity_futures
Nickel closed at US$33,800 per ton ( immediate delivery ): http://quote.bloomberg.com/apps/news?pid=20602013&sid=aB1hiv31Dets&refer=commodity_futures
Re: Nickel
Nickel is looking hot at present. But still compared to the last nickel boom in the late 60s, share prices are still reasonable. I turned over a few nickel stocks lately. My latest purchase is STB. IGO is earning a 70% interest on South Boulder Mine's Duketon nickel project in WA. Market cap is around $9 mill. As always, do your own research before buying/selling.
Nickel is looking hot at present. But still compared to the last nickel boom in the late 60s, share prices are still reasonable. I turned over a few nickel stocks lately. My latest purchase is STB. IGO is earning a 70% interest on South Boulder Mine's Duketon nickel project in WA. Market cap is around $9 mill. As always, do your own research before buying/selling.
- Joined
- 3 November 2006
- Posts
- 96
- Reactions
- 0
Re: Nickel
Can anyone tell me why GME Resources is sitting at 47 cents a share when it has to be worth rock-bottom minimum $2 ???
GME has 609,500 tonnes of Ni (48.76mt @ 1.25% Ni at 1% cut-off) in the ground. The grades are at least as good as Minara's. About 2 yrs ago, Minara was paying around $500 per tonne for inferred Ni resources. Ni then was under US$15,000 tonne - less than half its current price. Even at just $500 per tonne, that makes GME worth $300m. GME market cap is now $101m at share price 0.47, so the implied share price value is 300x0.47/101 = $1.40.
But with Ni now at US$30,000+ per tonne, inferred resources have to be worth a lot more than $500 per tonne. Add in some other GME prospects for gold etc, and you can't arrive at a share price value for GME of less than $2.
Anyone find anything wrong with my numbers??
Can anyone tell me why GME Resources is sitting at 47 cents a share when it has to be worth rock-bottom minimum $2 ???
GME has 609,500 tonnes of Ni (48.76mt @ 1.25% Ni at 1% cut-off) in the ground. The grades are at least as good as Minara's. About 2 yrs ago, Minara was paying around $500 per tonne for inferred Ni resources. Ni then was under US$15,000 tonne - less than half its current price. Even at just $500 per tonne, that makes GME worth $300m. GME market cap is now $101m at share price 0.47, so the implied share price value is 300x0.47/101 = $1.40.
But with Ni now at US$30,000+ per tonne, inferred resources have to be worth a lot more than $500 per tonne. Add in some other GME prospects for gold etc, and you can't arrive at a share price value for GME of less than $2.
Anyone find anything wrong with my numbers??
Re: Nickel
firstly what r u complaining about..GME has had a great recent run...secondly they cant be compared to Minara especially murrin murrin and the future brilliant bardoc nickel joint venture deposit..be happy with the solid return u already gotEasternGrey1 said:
- Joined
- 3 November 2006
- Posts
- 96
- Reactions
- 0
Re: Nickel
You say "GME can't be compared to Minara especially murrin murrin and the future brilliant bardoc nickel joint venture deposit".
But part of my point is exactly that it can be compared (not that they are equal, but that it is valid to compare them).
Murrin Murrin resource is 325mt @ 0.99% Ni = 3.2mt Ni.
Minara only has 60% ownership, ie. 1.92mt.
GME has 100% of 48.76mt @ 1.25% Ni = 0.6mt Ni.
So GME has 30% of Minara's resource, but the grade is a lot better (important re prodn costs).
MRE market cap is $2,484m. 30% of that is $745m. GME market cap is $95m.
Looks pretty good to me!!
You say "GME can't be compared to Minara especially murrin murrin and the future brilliant bardoc nickel joint venture deposit".
But part of my point is exactly that it can be compared (not that they are equal, but that it is valid to compare them).
Murrin Murrin resource is 325mt @ 0.99% Ni = 3.2mt Ni.
Minara only has 60% ownership, ie. 1.92mt.
GME has 100% of 48.76mt @ 1.25% Ni = 0.6mt Ni.
So GME has 30% of Minara's resource, but the grade is a lot better (important re prodn costs).
MRE market cap is $2,484m. 30% of that is $745m. GME market cap is $95m.
Looks pretty good to me!!
- Joined
- 28 May 2004
- Posts
- 10,833
- Reactions
- 5,173
- Joined
- 14 October 2006
- Posts
- 253
- Reactions
- 0
Re: Nickel
LOL
nioka said:
LOL
- Joined
- 25 July 2006
- Posts
- 987
- Reactions
- 0
Re: Nickel
Yep SMY's even outdone my bullish target from 6 months back in their thread. SMY is like the energizer advert......it just keeps on going
.
I did a lot of research ages ago 'when they were potential value', but seriously ATM I wouldn't touch them as a trade with a bargepole.....the future (best case scenario) is well factored in to their SP.
Still have a fundamental position in them from a while back.
Yep SMY's even outdone my bullish target from 6 months back in their thread. SMY is like the energizer advert......it just keeps on going
.I did a lot of research ages ago 'when they were potential value', but seriously ATM I wouldn't touch them as a trade with a bargepole.....the future (best case scenario) is well factored in to their SP.
Still have a fundamental position in them from a while back
.Re: Nickel
I've said it before, can I say it again. Sally malay has been great for me and I think that AGM is the next Sally. Going by todays presentation I will back that with more purchases but as a small fish (very small) in a big sea I wont make much of a splash but I will enjoy the ride just the same.Freeballinginawetsuit said:Yep SMY's even outdone my bullish target from 6 months back in their thread. SMY is like the energizer advert......it just keeps on going
I did a lot of research ages ago 'when they were potential value', but seriously ATM I wouldn't touch them as a trade with a bargepole.....the future (best case scenario) is well factored in to their SP.
Still have a fundamental position in them from a while back
Re: Nickel
Hi eveyone, I am new to the aussie forum and to the share market so I would like your opinions on nickel stocks. I believe the nickel price will hold for years to come with some retrace of 10-15%.
Being researching nickel stocks with small caps of 30-400 Million. Companies that will be producing short to medium term ( 1-3years). The stocks I like at the moment is Albindon, Mirabela, Metallica and Rusina. Just a few I have researched upto now. Other stocks like Heron and GSE look to be producing around 2011 a bit too long for me but otherwise they both have huge potential if everything goes to plan. Apart from capital raising permit/licence approval and potical risks are there any other major factors that may affect companies primary goal thus it's share price. Any comments will be much appreciated.
Hi eveyone, I am new to the aussie forum and to the share market so I would like your opinions on nickel stocks. I believe the nickel price will hold for years to come with some retrace of 10-15%.
Being researching nickel stocks with small caps of 30-400 Million. Companies that will be producing short to medium term ( 1-3years). The stocks I like at the moment is Albindon, Mirabela, Metallica and Rusina. Just a few I have researched upto now. Other stocks like Heron and GSE look to be producing around 2011 a bit too long for me but otherwise they both have huge potential if everything goes to plan. Apart from capital raising permit/licence approval and potical risks are there any other major factors that may affect companies primary goal thus it's share price. Any comments will be much appreciated.
- Joined
- 25 July 2006
- Posts
- 987
- Reactions
- 0
Re: Nickel
Hi Calais,
Of the stocks you have mentioned I only follow one MLM, their nickle interests are speculative, they are also speculative on bauxite and produce nothing. They have recently come into undiluted cash and can follow through on some directions.Not to bad for a speck that has a tight registry, but they are not a pure Nickle play.
Consider carefully what equity/commodity and real value you chose to enter. As this forum atests many seem to have differing emotions ATM.
As a new entry to Nickle you are a late comer to a commodity and equity that is at historical high's and Company SP's. Insto's have recently entered at the top of the spike also.
Read the SMY thread, gives a good insight into long positions taken/future outlooks and trades well prior too Nicles current levels. A good post in Feb that details SMY fundamentals possable for 07.
Consider MRE, their current FY 31st Dec.....3 months into 07 at historic prices. MRE are a production monster with a fully franked divvy ratio that nails most and more than likely will return better in 07. Record dates soon so let the dust settle for a few more days and see what opportunity the SP presents. Again read the MRE thread.
All the best for ya if you join the nickle club......heres hoping 07 is better than 06 both for investing and trading Nicklers.
Hi Calais,
Of the stocks you have mentioned I only follow one MLM, their nickle interests are speculative, they are also speculative on bauxite and produce nothing. They have recently come into undiluted cash and can follow through on some directions.Not to bad for a speck that has a tight registry, but they are not a pure Nickle play.
Consider carefully what equity/commodity and real value you chose to enter. As this forum atests many seem to have differing emotions ATM.
As a new entry to Nickle you are a late comer to a commodity and equity that is at historical high's and Company SP's. Insto's have recently entered at the top of the spike also.
Read the SMY thread, gives a good insight into long positions taken/future outlooks and trades well prior too Nicles current levels. A good post in Feb that details SMY fundamentals possable for 07.
Consider MRE, their current FY 31st Dec.....3 months into 07 at historic prices. MRE are a production monster with a fully franked divvy ratio that nails most and more than likely will return better in 07. Record dates soon so let the dust settle for a few more days and see what opportunity the SP presents. Again read the MRE thread.
All the best for ya if you join the nickle club......heres hoping 07 is better than 06 both for investing and trading Nicklers.
Re: Nickel
More on nickel:
http://basemetal-trading.blogspot.com/2007/02/nickel.html
I had joined the nickel club, bought into the Brazil company Cia Vale Do Rio Doce, samba samba.
More on nickel:
http://basemetal-trading.blogspot.com/2007/02/nickel.html
I had joined the nickel club, bought into the Brazil company Cia Vale Do Rio Doce, samba samba.
