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)
- Forums
- ASX - By Stock
- Ann: MYL Investor Webinar
John said they would aim for the most economical output of...
-
-
- There are more pages in this discussion • 95 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)