I agree, the leverage they get with any increase in the nickel price is powerful. From memory, they were spending about $3US to pull a pound out of the ground and process, so when nickel was five bucks a while back, they were only making a couple of dollars profit, now with nickel up near $8US, they're looking at $5US per pound, according to my very simple understanding of this one. Decent leverage there if nickel manages to spike up over $8 a pound.
- Forums
- ASX - By Stock
- continuing on its way...
JBM
jubilee mines nl
I agree, the leverage they get with any increase in the nickel...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JBM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online