The following should be noted in calculating your 2006 earnings estimates:
Average nickel price first half 2006 US$17,360
Average nickel price third quarter 2006 US$29,178
Average nickel price fourth quarter 2006 US$32,231
Average nickel price year 2006 US$23,260
If Q4 continues at these levels, Q4 profit should be in the range of $180 M (annualised $720 M). Agree rewlin that next couple of months particularly and into 2007 should be very rosy for the share price.
Regards Eos
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
