look for $27 million profit tomorrow

I am sure we will hear alot about their nickel production ramp-up tomorrow, in conjunction with results.

Already CSM have told the market, annual production will increse to 10,000 tonnes PA. Opening of the second mine (East Alpha) at Kambalda was scheduled for March (now), so it would be nice for the company to say that mining has just started.

The full ramp up to planned nickel production will have a huge impact on EBIT. By way of example, the well known nickel mining company IGO produces 10,000 tonnes of nickel PA, under a toll processing agreement, like CSM plans. (also similiar grade to CSM nickel deposits). IGO has a market cap of $220 million and made $7 million profit ALONE from 2.5 million tonnes last quarter.

CSM total market cap is $568 million. They have $80 million cash and a PE of 9 (virtually without any nickel).
Impossible to believe nickel profits are built into the CSM.

Ver confident tomomorrow about results (around $27 million profit) and share price action, upon delivery of results.