quarterly - auz looks to be in a strong position, page-3

369 tonnes / quarter = 369 * 2240 = 826,560 lb/quarter

Cash cost of $A 3.85 per pound and average nickel price $A 8.03 per pound = A$4.18 per pound profit.

826,560 lb/quarter * A$4.18 per pound profit = $3.5M per quarter profit.

4 * 3.45 = $14M profit per year - not bad for a company with a market cap of $21M

Is this a PE of 1.5?

AUZ must be a good buy. What if production were to increase? And what about the exploration potential.

Nickel prices between US$5 and US$7 per pound is a fabulous return (currently over US$6/lb).