Unfortunately the SP dived down During Q & A portion.
Someone ask about the Margin, They said it will contract but will be offset by
the bigger production from ANI. This was the Bummer.
Anyway things I picked up from Web Cast.
1. The time it takes to change from NPI to Nickel Matte is as quick as 2 weeks
from Decision to Production. Decision to produce Nickel Matte will be dictated
by the Margin.
2. Tsingshan sale to Baowu Steel is just 8 Rkef line and 1 million Stainless steel production.
So that 500,000T/Year could be just NPI as was posted by @SnowballKelvin.
Unfortunately I hope we recover from this down in SP Today. Oh well we are very Cheap.
Ann: Dividend/Distribution - NIC, page-9
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