Eskie,
Current Nickel price at US$ 6.46 (12/02 15:30)
Previous published MBN Cost US$ 5.79 per pound
The expectation is that cost price might get lower after recap, hence we prob talking and extra US$ 1.00 net profit per pound, or approx. US$ 2,200.00 per tonne.
When MBN produce 25 000 tonnes per year, even on these current still low Nickel prices, we are talking over US$50 million dollars ....
... and remember, MBN still has more than 1 million tonnes in the ground, still to be mined at Santa Rita.
Not too bad, I'd say!
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