They are in the process of ramping up production, so they were a prospector but are now a producer.
In the middle of the ramp up stage the Nickel price collapsed, making the job so much harder. But the target production cost is $4/lb and they are expecting to achieve $5/lb production cost in this quarter.
With the Nickel price above $5 currently ($5.2745/lb) they are just on the cusp of profit, if not being profitable already.
When they first switched from prospector to producer the share price rose from around $3.50 to over $5/share. So the current price of $0.21 is only a pale shadow of that and shows just how far this security is likely to rise this year ~ I am tipping around $1.50
Robert
They are in the process of ramping up production, so they were a...
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