Ummm, not sure we're on the same page. I had been thinking that the tonnage figure given for nickel production referred to the nickel contained within the concentrate, so needn't be factored down to calculate how much it's worth. It's only when they give figures for the stockpiled concentrate (the 15000t for example) that you then need to work out how much nickel is contained within it.
I'm not 100% clear on this and would love to know which way is correct.
However, assuming that the quarterlies give tonnage of actual nickel produced, then the numbers look a lot better. The two Q3 rows are my stabs in the dark again, but this time with COP staying at $4.72 as a really worst case scenario. Although it's highly unlikely given the shift in BRL since COP was last $4.72.
Here it is:
Certainly shows that COP is very close. User23 has posted a lot about this, so it'd be good to hear from someone who's been paying close attention to the BRL effect.
.
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held
