AFAIK, it's nickel concentrate products are sold at prices based on the US$ based nickel markets. So as the Aussie dollar goes down against the US$, Jubilee makes more Aussie dollars/pound for same given nickel price. If the nickel price goes up in US$ along with aussie dropping against US, it's a double boost for profit.
Just on the topic of JBM, does anyone know what yearly average nickel price the current valuations/forward PE's fo JBM are based on? I'm guessing about $6.50-$7.00 us/pound.
If so, and the nickel prices remain up where they are now, JBM should creep upwards at a steady pace over the next few months.
JBM
jubilee mines nl
