Base Metals Price spikeZinc up over 5 cents to 55 and change.
Copper up 5 cents to 1.39.
Nickel up ~ 80 cents to 5.76!
Lead up over 4 cents to 47 an change.
HBM cannot stay at these low share price levels for long. Excellent buy for all those who bought in the December panic and ignored Jaguar.
My profit calcs were based on low prices. If Nickel stays sustained, then Aquablanca kicks in profit for the short term, as I had it shut in for calcs purposes with the value of zero profit below $5, as well as Fenix in the long run. Sale of Aljustrel removes $6M from operating budget, so a net gain. Still, have price at high $6's in near term for conservative estimate. But any sustained rally in base metals ups the long term share price estimates considerably. Assumptions that LUN shareholders accept deal.