my earnings forecasts, page-7

CCL

Yes. I did not include the smeltering charges.

And I definity forgot the tax man (which was a big oversight).

Taxman takes 30%.

Now we are getting closer to ABN Amro.

For 2008, at a US$16K nickel prices, ABN Amro forecast 8.64 cents EPS.

I calculated 13 cents EPS before tax.

13 cents x 70% = 9.1 cents.

I elevated my costs but forgot smelter charges.

I am not sure what output ABN Amro used - I used 8,500 tonnes.

So ABN Amro are looking OK, apart from their $16K nickel prices.