Probably not wise to use $50000Us tonne in your calculations. There wouldnt be too many people who would bet that nickel will stay at that price for much longer. Im not saying it wont, just that not many people would put money on it. To be credible Id use $35000US and if it averages more its a bonus.
SMY would earn up to 60% of the price of nickel as nett earnings. From this costs need to be deducted. Im not sure of SMYs costs. So you can work it out from there.
Whatever the figure it will be a nice return.
Id be interested to hear what some of the Chartists say about SMYs SP. To me it looks like the rising trend is over and based on Charts (not fundamentals) its time to sell.
SMY
sally malay mining limited
Probably not wise to use $50000Us tonne in your calculations....
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)