NIC 1.61% 94.5¢ nickel industries limited

The "mine profit" as you say dropped as ore prices are...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,869 Posts.
    lightbulb Created with Sketch. 141
    The "mine profit" as you say dropped as ore prices are referenced to a headline price like NPI. So if it falls so do ore prices. This is the explanation.

    All the other things you've said don't make sense.

    The report looks good to me and in-line with prev guidance. Obviously things has deteriorated but nothing we didn't expect. It's still too early to call the bottom, but there are some green shoots appearing Ref increasing NPI and ss demand in Oct.


 
watchlist Created with Sketch. Add NIC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.