income stream, page-3

Bruce
An attempt at some figures for discussion whilst we wait ...

ore processed, recovered nickel metal, mining & process costs per annum taken from DFS results report released to market 13 April 2013.
Transport costs my guestimate
Nickel 3mth buyer US$ from LME website
http://www.lme.com/en-gb/metals/non-ferrous/nickel/
US / AUD of .90
1 metric tonne = 2204 pound
cost per lb is by calculation using ore processed, mining, process & transport costs.
Assuming toll processing to be costs plus margin of around same figure as POS' DFS process costs.

ore processed t/pa 720,000
mining costs A$/t 64.11
process costs A$/t 37.70
Transport costs A$/t 10.00
ore cost pa A$ 80,503,200

Nickel metal product t 9600
nickel metal product lb 21,158,400
total cost / lb A$ 3.80
nickel 3 mth / lb A$7.20

Revenue after mining, toll process & transport costs pa A$ 71,837,280

For discussion only and not to be taken as gospel