Charts: Silent but Profitable Every Time, page-5

AJW,

Well it has suppossedly had the best nickel mines in Australia for the past decade, yet I haven't seen an enourmous amount of actual cash flow out from the mines, let along out from the company to shareholders as dividends.

This is a company for which you need to look a little deeper than C1 cost smoke and mirrors. Need to look at actual payable metal, and at all costs including off mine opex, and at capex. Notably capex per Ib has certainly not been low imho.

Shorters can be wrong in the short term, but when shorters are getting the blame perennially in any particular stock I have to wonder if they are not being used as a scrapegoat for the writers lack of understanding of the stock.

I have long watched this stock, and did own some many years ago, but have yet to see a compelling value case for returning.

EL