Shanghai was the reference price in PFS.
exchange rate was .78
Shanghai nickel currently 17,8300/t. Convert to pounds, add sulphate premium and add 15% to adjust for currency which is now .675 or so and nickel price is more like 10+/lb.
on PFS, nickel was 2/3rds of revenue, cobalt 1/3rd, so once you boost today's cobalt price using the currency adjustment, current prices have pretty much no net impact on our revenue.
Shanghai was the reference price in PFS. exchange rate was...
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