Aright your are probably wondering why I say this, let me explain. Year ending 2006 mre produced 35,551 tons of nickel and nickel was at an all time high. Lets us assme that achieved a nickel price of $25,000 and thats being very conservative and we wont even consider the cobalt they have.
1 They had net sales of 813 million if we use 25000 as a nickle price (35551 x 25000)= 813 million usd.
2 Why does it say in their presntion october 2007 that they had only 530 million in sales, thats 283million short fall in cash.
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$1.98 |
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Mkt cap ! $299.8M | |||
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