JBM's share price got punched in the guts today. So I did some...

JBM's share price got punched in the guts today. So I did some maths to make me feel better. If nickel were to drop more & average $12,000 US p/t(not gonna happen imho) for the rest of the half & the Aussie dollar was to average 80cents against the USD. JBM will still increase their earnings per share compared to last half. Giving 85cents p/share. A 30 cent final dividend would give 50 cents for the year at todays price. A yield of 11.62 % partially franked. I believe these numbers to be worse case scenario & the upside to be huge.The numbers I did in more detail on asxboard.com under nickel.

Regards,
Tom.