NIC 3.03% $1.02 nickel industries limited

NIC - General discussion, page-662

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    what you see with the VAT included is $13127. That includes 13% Value added tax. Divide this number by 1.13 and you get current NPI price as $11617. The weighted price for Dec quarter is $12392. Note that NIC achieved price is usually lower than benchmark judging from the chart they provided. So if price remains at $11617, and if their contract price is say $11500 or $11300, then the next quarter report will be $1000/t margin less than the previous one
 
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