Hi JojoThanx for info. Ok....i should have re-checked my initial...

Hi Jojo
Thanx for info. Ok....i should have re-checked my initial revenue of $800m.
Using figures (same as those on WSA site) and last nights Ni price we get:

20,000 metric tons of Ni by 2010
Ni price on LME US$28,882/metric ton=A$31,770.
Gross income = A$577.6 million.
Production costs according to WSA is US$2.50/lb.... but let's cover everything and add 30% to that = A$3.575/lb = A$8008/metric ton.
PBIT = (31,770-8008)x 20,000=A$475 million.
Tax = $100 million.
Profit = 375 million
EPS = $2.27
Cuppent SP $6.40 PE = 2.82 (on 2010 earnings)

However, this is very conservative as does not take into account free ride from Cathedral deposit with BHP and esp. the MUCH higher potential already exhibited by the incredibly rich grades from 'Spotted Quoll' (SQ). SQ could well be the biggest deposit/producer of them all.

So all-in-all i reckon:
April 2009 SP:$10.00
April 2010 SP:$30.00
April 2011 SP:50.00
April 2012 SP: who knows??

But am hoping for a TO before September 2009 at say $40-$50.
We'll see.