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83.5¢ nickel industries limited

Ann: Quarterly Activities Report, page-42

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02/11/23

23:17

Post #: 70700769
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Originally posted by ccdavid: ↑

I don’t know what you mean never succeeded, HMC makes US$10,000 / t Margin on a
class 1 Nickel price of$24,000/t. This means it produces nickel at a price of
$14,000/t. Nickel price at the moment is US$18,000 on the LME but Shanghai prices
on MHP is lot higher than that. It also produces Cobalt as a secondary product.
So over all, it breaks even at 12,000/t.
And ENC will be superior to HMC at its ability to produce Sulphate and Nickel Cathode.
The thing is, NIC’s 55% share on ENC will be funded without share dilution.
You must be thinking about First Quantum MHP plant ,Ravensthorpe with overblown cost.
And yes never succeeded to be profitable.

Expand

I said in Indonesia if you read previous post which is what im referring to there. Isnt HMC in Philippines?

NIC Price at posting: 81.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 83.5¢		Change -0.005(0.60%)		Mkt cap ! $3.632B

Open	High	Low	Value	Volume
85.5¢	85.5¢	83.5¢	$1.775M	2.091M

Buyers (Bids)

No.	Vol.	Price($)
24	126869	83.5¢

Sellers (Offers)

Price($)	Vol.	No.
84.0¢	241342	42

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No.	Vol.	Price($)
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22	283188	0.830
18	267156	0.825
11	348644	0.820
5	131276	0.815

Price($)	Vol.	No.
0.840	240947	43
0.845	193703	21
0.850	267768	25
0.855	670697	17
0.860	243266	18

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