3 months ago 1% grade sold for $27US/WMT (including shipping) from the SMM website (I still don't think it's that high given what Nickel Asia sells it for), so given COP of $12US/WMT FOB, so include shipping cost this would be $20US/WMT with capacity of 2Mt production (from their PFS), it would be only $14M USD net profit p.a, minus capital expenditure and 20% to JV........you tell me?
