Production costs and selling price., page-2

Hi,

Current Nickel price $4.74 US per pound. and steadilly increasing.

(from qtr reports)

So, RAMU gross sell for current Qtr = $4.74 * 2240 * 7106 / 0.72 = $A104,789,813 $104 A million.

plus Cobalt credits:


RAMU reports suggest $2M nett profit per 1000 tonne Ni produced past year.

HIG share 8.56% , potential to go to 20%.

s0, annual cash to HIG expected to be 31 *2 *8.56 % = $5.3M

Anglo to pay another $5M cash in FEB.

HIG cash building rapidly , currently $A13.5M

hope this helps.