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5,275 Posts.
145
15/10/10
11:59
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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
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