RE:RE:RE:RE:Chart I have time; so let's do a little calculation as to whether this is theoretically possible at all.
The following parameters:
- 15 CAD / share
- 90m shares
- PE 8
= 15x90 / 8 = 170m CAD profit p.a., respectively 135m USD ($)
- Additional royalties (Dumont and Turnagain): $ 20m
- Net $ 115m$
- Cobalt (price increased) fully covers OPEX
- production 33kt Nickel resp. at 10.3% 3.4kt for Nickel 28
- 3.4kt = 7.5m lb
- 115m$, Tax 30% = 164m$
164m$/ 7.5m lb = 21.87$/lb resp. 48'216$/t
Highest price for nickel: April 2, 2007 22.60$/lb resp. 49'825$/t.
Conclusion:
Not likely at present, but not excluded in the future; especially if the cobalt price should really continue to rise massively.
urai58