es will be their best quarter ever but nthing like you...

es will be their best quarter ever but nthing like you
say.Assume production of 3600 then payable ni@65%is
2340
810@17000=13.77 mil(hedged)
1530@40710=62.28mill(unhedged)
Nickel revenue76 mill
Copper revenue down cobalt up so probably about the same
Last quarter nickel revenue 68.165.Allow 1mill for extra costs and we have an increase in operating surplus from
38 mil to 45 mill or slightly less than 20% and 83 mill for
half year 07
This is significantly more than FY 06 which was 69 mill operating surplus .(We wont have the benefit of copper share sales this half)
Price used for 2nd Q nickel is average of 14.5US per lb
With all the new production coming on cannot understand why we are not at 2.60 to 2.7 per share now-guess we have to be patient for the market to wake up