Ann: EGM presentation, page-42

"Ni price of $10-12 lb profitable"

That's more than double of what he said last year

http://www.miningnews.net/resources...rcestocks-amp-australian-mines’-benjamin-bell

RS: Finally, cobalt has gained attention this year mainly due to supply risk factors, what is your outlook on prices for your key commodities going forward, including lesser-known scandium?
BB: We based our modelling pricing on US$12/lb for cobalt and $5/lb for nickel. Cobalt is currently $30/lb so we’re being very conservative because we’re taking a 20-year view on that. But if you look at the next three to five years, you can see the cobalt price is going to continue to strengthen as demand for the product continues and there’s not a lot of new supply coming on. We can make good money on $12/lb and it’s never been below that, so our project will stand up regardless of what the price does in the short term.