I know probably this has been done before, but just for a refresher and to show how important this desicion was today, I have done a few sums. This is a great little earner barring any appeal of the court decision and all goes to plan in the world. These sums are on my knowledge only, so could be way off the mark and totally wrong, happy to stand corrected.
We have a 8.56% interest which equates to 2666 tonnes/ annunm of nickel 282 tonnes of cobalt Using the lme prices Nickel= $23780/mt Cobalt= $35500/mt
2666t Nickel x $23780 =$63,397,480 282t Cobalt x $35000 =$ 9,870,000 Total =$73,267,480/year. If thats correct. yeah baby!!!.When our equity rises to 11.30% our share will be 3520 tonne of nickel and 373 tonnes of cobalt. Happy days
HIG Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held