ALB albion resources limited
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Hi RedTerritory,Why would you say it looks good?For...

  1. woltage
    685 Posts.
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    04/05/10
    08:18
    Post #: 6649373
    Hi RedTerritory,

    Why would you say it looks good?

    For approximately 1 month of production (looks like it was re-opened on the 26th of March) 258 tonnes of Nickel metal were produced

    Revenue = 258*25810 = $6.6 mill

    But costs were approx $7 mill

    Admin ($0.5 mill)
    Development ($2.2 mill)
    Production ($3.4 mill)
    Exploration ($1 mill)

    I'm sure numbers will improve with time (hopefully increased production and decreased production costs) but they seem to be cutting it a little fine at the moment

    Thoughts?
    ALB Price at posting: 3.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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