PNM 0.00% 2.4¢ pacific nickel mines limited

Ann: Kolosori Nickel Project Update, page-16

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  1. 434 Posts.
    lightbulb Created with Sketch. 44
    after 1 year, target
    production $20
    shipping $18
    barging $1.5
    royalty $1.3
    tax $2
    total cost range $40-$45
    ore price range $50-$60
    profit range $5-$15 pt
    But if you order inadequate mining equipment from day one,refuse to upgrade after one year off course you will have issues.
    despite rains daily productions 4000-7000
    this may surprise u but production cost in SI should have been $10-$15 and it was doable.
    ceo must act, make decisions and cut uncommercial contracts/cost as soon as signals arise.
    instead read ASX announcement it sounds like the only CEO strategy was to send 3 ships. Dreamer. Guy never listened to more experienced miners, anyone asking questions simple got fired and unpaid.
 
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