Don't Get Sucked In To Sell., page-132

***** reference LME <99.8% Ni. POS produce concentrate typical payable is 70% their public announcement stated break even was US$4.63/lb-Ni and some reference that it is lower if co-processing.

I have seen some reference to $6/lb but not sure where that is coming from as their ASX was clear about break even and their cash costs including capital in the same was US$3.10/lb-Ni.

All you need to do to get it to a payable is divide $3.10 by their payable 70% gives you to the BE.

All this is subject to FX.

Hope it helps.