Ann: Full Year Financial Results Presentation, page-83

We are suffering a bit due to the capital being allocated to the new mine.
If it was not for that the cash would soooooo cool.
Another long term low cost mine coming on line is a big accomplishment.
With a forecast cost of $300m at least they are being realistic.
We have already forked out a good wack of that and will do this year and next.
So we are paying this off each year until prod so its not all in one hit.

Right now they will accelerate the development as the Ni is higher than it has been for a while so they will make hay while the sun shines.

So should the Ni price subside we will have stuff all left to pay off and a working mine with decades of resource.

Agree with you there that WSA still lived through those tight years when Ni was low.
So they know what can happen hence the expediting of the new works.

Its like putting money in the bank LOL.  Just a different sort of bank.

The longer Ni stays up here the better. Higher is just cream on top.
$18k next stop if it breaks out.  That would be $42m Rev add.​