GREY:LBEFF - Post by User
Comment by
legend7on Jul 06, 2010 2:09am
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Post# 17245817
RE: RE: Going over the facts
RE: RE: Going over the factsJust to correct a couple of assumtions in your post....
Liberty target is to produce 6 million pounds of nickel in 2010 the majority of those 6 million pounds will be mined and milled from June to Dec while we are pretty much in full produciton
As far as revenue with $8.50 nickel yes that is 51 million gross and our costs are projected to be $4.50 per pound (WHICH INCLUDES XSTRATA'S PROCESSING COSTS) so at nickel prices we should be profiting $4.00 per pound.
So as you can see they should be able to make a pretty good dent in the debt over the next year as when Hart comes on the costs will be reduced due to the higher nickel content it should bring our costs down to the $3.00 mark and for 2011 we will be producing more than just 6 million pounds of nickel (I don't have the numbers and I don't have the time to crunch them but I will do them and post them in the next few days)
As I have mentioned before as long as nickel stays above $8 Liberty will be able to pay off there debt over the next year, year and a half