What is letting things down at the moment is the ore grade is still so low - look at the last 2 quarterlies and you will see that grades have been 75% of forecast at about 0.68% Ni. For costs to come down and income to rise to where they should be grades need to be around 1%. I think the new life of mine plan should shed some light on the true value of this and the cash flows we should expect in the future; if the quarterly is to be believed when it is published it should turn a few heads.
cashflow positive nickel producer $50m m/c , page-5
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5.7¢ |
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Mkt cap ! $3.720M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 9803 | 5.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 20000 | 1 |
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