Hi taraxJojoIn your calcs you used a nickel price of US$ 22000...

Hi tarax

Jojo
In your calcs you used a nickel price of US$ 22000 and not US$15000
13300 t/Ni x US$22000 = Us$292 million
Is this an error.

In my back of the envelope calculations I used first of all 30% smelter cost of contained Nickel

That leaves us 13300 t/Ni (out of 19000 t/Ni)

I took off US$5 as production cost from the US$15 Ni/lb price received

Gives us US$10 Ni/lb or US$10 x 2200 = US$22000 Ni/t

13300 t/Ni x US$22000 = Us$292 million

I hope this helps

jojo