Nickel Mines has surged over recent weeks after it signed an memorandum of understanding with Shanghai Decent investment Group paving the way for the years ahead. This strategic move should help NIC push ahead to produce more battery grade nickel for the EV market which as we all know looks set to be a huge growth area, at this stage we like the risk / reward towards NIC around the $1.30 area, or 5% lower.
MM likes NIC in the $1.30 area
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