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Inco counts Goro cost

INCO'S shock decision to slow development of its Goro nickel project in new Caledonia after discovering a major cost blow-out continues to reverberate around the world with the company's share price crashing, nickel prices forecast to rise, and Japanese trading company Sumitomo re-considering its plan to buy a 25% stake in Goro.

Tim Treadgold

In Toronto, Inco's share price dropped 11% when news of the Goro problems first surfaced early on Friday Canadian time. By the close, the stock had recovered to end the day down 5.5%, or C$1.76, at C$30.24....

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