re: macquarie view They will be wrong, just like most of the the brokers were regarding JBM a while ago.
They are still forcast to earn 10c a share now and next year is now lowered to 19c a share, but that one depends on the nickel price that no one can predict!
Did Macquarie say that they will pocket 6 to 10 million in cash, depending on the price TYC gets paid out on?????????
Anyway I'm betting my Nickel on it!