Looking at it to get some nickel exposure. Reasonably cheap. Trading at a little over 5 X this year's cash flow. The issue is, what are commodities going to do next year. Any slowdown will impact them negatively. With all metals, take a 3 year view given the long term cycle.
Doesn't think there will be in it further offers on this. If you have an alternative investment you could go into, he would consider selling at this time, otherwise just hold.