the point I was raising is comparing the supposingly 29,000 tonnes they break even by highgrading at 1.30% Ni.
So at 1.0% grade they would need to produce approximealty 37,000 of Ni before they break even?
The capacity is only 40-45,000 tonnes which does not leave much room for error, ore grade decline, price of nickel dropping, etc...
The next ore reserve statement would be critical for ANL.
High grading is a dangerous pasttime and almost all companies that they have high graded in the past went bust.
mate you are free to invest in any company you like, this is what makes a market, but I would like to invest in the company that has something that Anaconda wants to make more money more quickly then out of their own ore.
