Hmm...
So there's some good and some not so good parts of this report, but at least there's nothing ugly:
The not so good parts:
- Higher cash costs
- Lower grades at flying fox
- Lower total nickel mined
The good news:
- Next quarter they will be targeting higher grade areas of flying fox
- Nickel spot price looks good
- Continued development at cosmos
If you believe in the company management then todays share price drop is a good "buy the dip" moment, but I think I might wait to see the production cost start to drop before I buy any more shares.
Thoughts?
Hmm...So there's some good and some not so good parts of this...
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