Hmm, just re-reading my notes... let's see if we can clear this...

Hmm, just re-reading my notes... let's see if we can clear this up... I'm a bit confused to.

My notes were for Yerilla:
"cash operating cost estimate of US$5.70 per pound of payable nickel net of credits"...
"At $9 and US Forex Rate of 0.75, the Yerilla project has a NPV of $218M*"
"At $11 (and US Forex rate of 0.75), the project has a NPV of $1000M...*"

Back in May, I too wrote "and cash operating costs of US$4.42 per pound", meaning for KNP.... so, it must be $4.42.

But, I damn well know I read a number between $8 and $9...It would seem that cash operating costs are circa $4.42... but, taking into account fixed costs, it goes up to between $8 and $9?

Fixed costs not being operating costs...