RE:Sample ModelSherritt is the operator and sustainer of moa. In 2021 moa (100%) took in: Nickel..66 million lbs @ 10.3 CDN = 680 million Cobalt..7.1 million lbs@ 25.88CDN =183 million Total....................................................863 million NDCC of nickel ..................................343 million ( they say that they reduce NDCC of nickel with the cobalt credits so I don't see how NDCC is $5.20 but I will leave it like that. So gross margin = 863 - 343= 520 million Now, since sherrit is the one incurring Capex, etc to run this mine, let's take your numbers for that: Interest expense..............................30 million Corporate.........................................22 million Technology........................................9 million Taxes.................................................8 million Royalties..........................................12 million Capex...............................................57 million Total..................................................138 million 520 - 138 = 382 million. One half of this ( since sherritt is half owner) = 191 million. A far cry from what sherritt reports as income for 2021