indepth profit guide

Every $1 the nickel price is over $10 you can add 13 cents to the share price.

nickel at $22k less 30% smelting charges is 15400 per ton

deduct 5500 mining cost leaves ($9900 per ton x 22000)

$217 million in nickel
deduct $90 million depreciation etc
(before tax profit $127 million)

after tax profit $88.9 million

Earning per share 48 cents.
With a pe ration of 10 the share price is $4.80
or a pe ratio of 15 the share price is $7.20