News: NIC Nickel Mines Says Angel Nickel Ramps Up With 3Rd Rkef Line Now Commissioning, page-21

Come on now....people start to doubt about integrity of Nic Bod, in communicating to the market that 3rd Rkef Line is now commissioned?
I suppose the new can be interpreted differently, imv is just telling that Nic has the habit to execute project efficiently and ahead of schedule, I am sure it was not meant to have a financial background...The company did the same with first Rkef commissioning back in January pjn11113.pdf (nickelmines.com.au), these are milestone achievements and is good that this communication flow exist between Company and shareholders.

But to follow Outlate12 thinking there are two consideration to make. One is that is not necessarily true that costs will be recorded in this quarter, its very possible that they will be recorded against sales once realized. More over there are two variables to consider one is that it can be possible to incur lower costs earlier and realize higher sale price later, but obviously the opposite is also true.
If one is invested for the mid/long run these are not issues but is far greater important the fundamentals of the sector, the integrity and professionalism of the BoD, and growth potential and I think Nic has all of these factors.
On the sale license for Indonesian Gov. its just a formality and again the BoD didn't promised anything specific, they said early Q2, I mean we are 5 days in to it....
Indeed this is the very interesting quarter where Ni produced and sold will increase and sale prices will be higher..
I am sure we are all eye on profitability, I like the numbers from Outlate12 , I too have made some long term assumptions, but in reality nobody know where we will be in 2 years times, and there is surely some 30% errors margins on the up/down side.
Will Oracle project be completed earlier like Angel? In any case yes full production by mid 2023, but one thing we don't know is the production of battery grade Nickel...
I was surprised to ear that 2 Rkef are been converted already, for battery grade production, possibly this trend is gathering pace with Volkswagens and potentially other deals taking place, this may again change the profitability of Nic business, for sure it will increase demand for the product. Also who knows but, we had 2 prod. expansion project with TD in the last 2 years, at this pace in 2 years time there could be more to come?!
In short IMV I would forget doubts on Nic BoD intentions and even short terms accounting policies on costs and sales. This company will carry trough projects after project without a glitch, is what they have been doing since now....even the Indonesian Gov. has every interest to give away sale licenses, this is part of their plans to become a world center hob for Nickel production and battery grade nickel...
Nic sp drop is part of a more wide correction from recent high also happening in the Lithium shares, opportunity to get in cheaper for the mid/long terms.