Nickel Boner Update, page-4978

NP is currently aud$37,100pT already at the high range of your guesses.

at 8ktpa = $300Mpa revenue for POS on the current BFS

target NP is on my call 15-25 uslb ie aud$50kpt - $82kpt on current AUD$

NP now 11.19 on shorted close last night after that fast run to 14 and cover back
NP gap on closing match of 20c

	Column 1	Column 2
0	Nickel	November 18,14:17

	Column 1	Column 2	Column 3	Column 4
0	Bid/Ask	11.1907	-	11.3902
1	Change	+0.0000		+0.00%
2	Low/High	11.1907	-	11.3902

NI stock on LME slashed again sub 49500T, the lowest in 14 years since the last N2 eclipse

	Column 1	Column 2	Column 3
0	Nickel	49500	-426

NP of 11.20
POS AISC 4.91 (BFS2022  figure)
margin = 6.29 = 56%
and thats very conservative.

way above PAN margins & way below PAN capex.

NP is on its way, POS is going to make a motza.