As I said before when it was driven to 1.8 excellent profit exit point especially when it went past 1.50 after dipping below $1
nickel $12782 - $12980 US$ a tonne
If we were making it for AUS$5.45 (US$3.65) then we are OK with a still healthy margin but I believe it is still a lot higher than that (sulfur cost has a long way still to drop) probably around US$6 plus. True costs hard to work out sometimes. Maybe Kurt could help out here, he works in the office!
I think maybe more redundancies, as capital works except those paid for are dead.
Turning point for commodities after the new year some say.
What is glencores position in regards to temp closures? Difficulty of retaining knowledgeable staff and plant restart huge negative if plant closed.
I'm sure PJ and crew have a plan.
MRE Price at posting:
57.9¢ Sentiment: None Disclosure: Not Held
