nickel up, page-4

Hi,

I just had a look at their website in the old activities report and checked the last good price and money left over after cost was this:
JUN 07
Nickel spot price received A$/lb 26.30
total cost with capital development 21.91

To me this seems to be a net of A$4.39 per pound of nickel
After this quarter the price for nickel went down and down...

The last reasonable price still a bit of money left over I can find was at a spot price of: MAR 08 A$ / lb 14.53
Total cost with capital development 12.58
Which left the company with 1.95 per pound of Nickel

The price of nickel is going up for the last year but I think it needs more before it is viable again for AUZ to start mining Nickel again

http://www.kitcometals.com/charts/nickel_historical_large.html#5years

This is all quick and dirty calculations so do not jump to conclusionsbut it might give a bit of an indication
Cheers
@lex