Pretty much the bear case earnings these ones, margins impacted, peaked at 7000 in March, June 5000 and now 2200 due to the falling Nickel price, it looks to have bottomed and they talk to margin improvement at the backend of the quarter. Operating cost improvement and the ability to switch between class 1 & 2 markets im adding more. Production looks amazing!
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Ann: Quarterly Activities Report, page-4
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