I looked over their annual report in detail . They show a impressive ebitda approx 36 million , which includes a fovourable 9 million hedge . Nickle has dropped a lot since then . Impossible to work out their break even cost against nickle price from the report. With the nickle price being so low @ $ 7,27 lb . With all other things being equal these guys are definatly operating at a loss. . ( thats my summation only).
