Weekly JRV Commodities evaluation

Forecast economic returns:BFS
Cobalt $105 325 000
Copper. $. 19 140 000
Gold. $ 11 725 000

Total. $136 190 000

Actual returns today
Cobalt $ 86 492 890
Copper. $ 29 156 600
Gold. $ 11 912 600

Total. $127 562 090
These prices are quoted in $US
Original exchange rate of .7150
Todays exchange rate of .7814

Original refinery purchase (Real)
US$. 22.5 million
US$. 23.870 million today
Actual AU$ cost
Original AU$ 31 468 531
Today. AU$ 30 548 823
The refinery debt is a hedge against a rising AU$

Original Nickel price on refinery purchase
$ 14 470 US/ton
Todays Nickel price
$ 18 052 US/ton
That is a 25% increase in the Nickel price.
JRV is very diversified having 4 different Commodities to draw on.
JRV is worth more today in real terms than it was 6 months ago.
I will update these numbers on a weekly basis.

JRV has premium products for sale which commands a higher premium price ie 99.9 % purity for our refined Nickel and 96% for our refined Cobalt.
We blend products for our customers which in turn raises our price.
JRV is having the POX system installed so we could probably increase our top end production level to 30 000 tons/ annum instead of 25 000 tons when in full production.