***** reference LME <99.8% Ni. POS produce concentrate typical payable is 70% their public announcement stated break even was US$4.63/lb-Ni and some reference that it is lower if co-processing.
I have seen some reference to $6/lb but not sure where that is coming from as their ASX was clear about break even and their cash costs including capital in the same was US$3.10/lb-Ni.
All you need to do to get it to a payable is divide $3.10 by their payable 70% gives you to the BE.
All this is subject to FX.
Hope it helps.
***** reference LME
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