I accidentally came across recent First Quantum results. Just for what is worth and sake of discussion, they apparently project costs at US$ 17600/t for 2022 (Page 10) Also on page 35 there is a note saying: Nickel unit cost guidance above does not include Enterprise. By 2024, C1 cost at Enterprise is expected to range from $4.25/lb to $5.25/lb. Not sure what it refers to..... Further more on page 41 a reconciliation of operation showing cash costa for Nickle production at US$ 25300/t Finally on the following page a price rate including hedge for 2021 at 19000/t. They do pay tax at 25/30%. This make you appreciate how well positioned and undervalued is Nickel Mines compared to peers. I appreciate that First Quantum is mainly a copper producer, but hey they currently command at PE at 22 on last quarter projected multiples x4 and a PE at 30 on 2021 results. Just wondering if will Nic PE will increased together with larger prod/operation comes 2023/24.
NIC Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)