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)
MYL Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held
