Two things you wanna check.
First.
We don't sell the Nickel at LME spot price, that is battery grade nickel, we sell NPI, below the link for its price, which of recent actually has come down a little, but in general is cheaper than LME nickel.
https://www.metal.com/Nickel/202112240001
Second.
All EBITDA numbers are at 100% base, we get only 80% of that.
I am surprise you come up with this:==========
If the price they are selling for is $25,000 a ton then they are in fact making around $13K a ton profit.ent
============
...when from the link you posted it clearly says that we are making around US$ 7000/t EBITDA
So in short if from 10k/T NPI we make US$ 70MIL, next quarter we will should have sold 20k/t (possibly more...)
and made US$ 140MIL EBITDA
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