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Liberty Mines Inc > Message
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Ouch!

Posted by: JohnEStromJr on July 03, 2008 12:40PM

Nickel inventories at the LME are up again, by 156 metric tonnes to 46,692 metric tonnes and the price is down 2.47% to $9.3100 bid and $9.4007 on the ask. Lead and zinc are doing even worse!

At some point there is a cost that mines can't operating at a profit and will begin to shut down - but that could take some time. It’s like trying to stop a fully loaded super tanker. Hopefully we’ll see a rebounding of the price of nickel and a corresponding drop in the cost of diesel fuel.

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