AGM australian governance & ethical index fund
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my earnings forecasts, page-19

  1. elzephyrus
    5,575 Posts.
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    28/01/07
    19:08
    Post #: 2144647
    Don't know if it's common practise or not but MD Peter Harold of SMY has stated that their "smelter charge is a percentage of the nickel price", as opposed to a fixed cost, which means their cash costs increase/decrease along with the nickel price. Refer to the link below.

    http://www.asx.com.au/asxpdf/20061026/pdf/3z6l9rmyk8lxh.pdf
    AGM Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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