@suti1 please correct me if I’m wrong but Ramu sells a mixed Ni-Co hydroxide product at a discount to the spot LME metal prices for the contained Ni and Co. The $40m figure from the below slide that you refer to for HIG’s share of annual cash flow at 11.3% ownership is based on the actual price received for Ramu’s discount MHP product. In your calculation for the payments to Cobalt27 under the streaming agreement, you are using the referenced spot Ni and Co prices of US14,000 and US90,000 in the slide. Are you giving back too much?
HIG Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
