MYL 0.00% 70.0¢ mallee resources limited

John said they would aim for the most economical output of...

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  1. 83 Posts.
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    John said they would aim for the most economical output of 1.2mil tonnes though the mill every year. It’s fed in at 1% nickel and recovers close to 80% at the other end into the concentrate. That’s 9600t of nickel in the concentrate that would sell at around $850 per tonne (of the nickel not the concentrate). So $8 million a year cash to pay for the mine and expenses?

    what am I miss calculating here?

    (Please excuse my ignorance, my brother just got a job with the company and is wondering if he should put $2000 into the CR so I’m trying to work out a rough estimate of per share dividend in a few years)
 
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