AGM australian governance & ethical index fund

my earnings forecasts, page-6

  1. CCL
    93 Posts.
    Schlomo,

    No matter how high quality the nickel concentrate is, NO ONE will pay nickel metal price for it. This was what Vayama was suggesting by his calcs. I know that it makes only "a little" difference for AGM analysis, but for other cases, it can make a big difference.

    If AGM has no debt, then calcs need to take plant/equipment depreciation into consideration (unless Vayama has already accounted for it).

    Third point - granted.

    As I said previously, overall, the AGM picture will still be very very good.

    Whilst the three points above will change the calcs "a little", IMO the bigger picture issues are:
    (1) further potential upside (better recovery, more exploration success, etc).
    (2) nickel price (I know that no one really knows what the future brings, but I am expecting USD30,000+ for the next couple years).

    CCL
 
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