Wow, US$337m for 0.3% Ni. This makes BML look like a billion...

Wow, US$337m for 0.3% Ni. This makes BML look like a billion dollar company.

Anyway, there is no point keep printing out more BCL articles.

Q1) When was last time BML actually turn a profit?
Q2) May be you need to ask how did BCL get US$337m from?

They employ 5000 people and can make US$337m (after all the expenses) to buy 0.3% nickel?

So they can turn massive profit with 0.3% nickel while nobody on earth can. Every Australian including BHP, RIO, Glencore should visit BCL, how do you turn profit with 0.3% nickel?

MCR's 2.8% nickel break-even price is AU$5.93/lb... running at loss at moment.
So BML's 1% nickel... what's break-even price?

Where did BCL get $337m from when they never turn a profit?