Righting the ship, page-8

1. Production is expected to be steady during the year with an average process recovery at 57%. Unit cash costs are expected to average between US$ 4.50 and US$ 5.00/lb for the 2015 year. The spread in the average unit cash cost guidance is due to the large number of factors impacting on unit cash cost outcomes, including nickel price, copper price, and the Brazilian Real / US dollar exchange rates.

>>>> looks like this is now turning GREEN