investment opportunity?, page-4

If they can get cash costs < $6/lb and the Nickel price >$9/lb it's a different story, but cash costs went up last quarter from 6.71 to 7.42 (and the Nickel price went down). That 71c difference in cash costs over the forecast 20,000t equates to ~31m.

Will be interesting to see if there is a turnaround in direction this quarter. My hunch is cash costs will have gone down marginally, enough to give investors some 'hope'. Hope can be very expensive