Hbswrx,
Dont agree that all production has been sold at good prices! they have a hedge for about 5% of production and contracts to deliver nickel to two companies. But I think you'll find its at price at delivery, ones the gate price when they pick it up and the other is the ship price at port. They ( two companies) also have prepaid 50 million each so I would expect not much cash coming in at the beginning.