Sig - u seem to know about MCR.
What is the revenue of the hedging per quarter?
Eg for 2H 2008 they have 125 payable tonnes/month at A$32,671/tonne.
I calculate that as 125*32,671 = $41M - cash costs of 125*2200*6.5 = $18M
=$23M/month cash flow from the hedged nickel alone. Am i missing something here?
What is the effect of the PON on the rights payments, ie how much will the cash costs go down?