You ask a stupid question you get a straight answer.
Where did I use the term average price in my post?
LME nickel price say 6th OCT $US14,400 tonne.
Here's the tricky bit for you so I'll take it real slow.
A$.72c to US$1.00.
Therefore (are you still with me) 1/.72= 1.38888888
Again this is real tricky.
14,400x1.38888888=19999.998.
Round that off to A$20,000 tonne nickel price.
Any more questions?
P.S. now that you have had a maths lesson can you work out the Pb&Zn prices for us in Aussie $'s. Why did INL shut down the Hellyer Plant?
You ask a stupid question you get a straight answer.Where did I...
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