InconsistenciesTotal contained nickel and copper in ore are expected to be 1.6 million pounds and 1.8 million pounds, respectively, in fiscal 2012. Contained metals are subject to mill and smelter recoveries. Total production cost for fiscal 2012 is forecast to be $43.65 per tonne of ore and $4.45 per pound of nickel net of byproduct credits for copper, platinum, palladium, gold and cobalt. Fiscal 2012 total production costs are forecast to increase over the previous fiscal year as a result of higher fuel costs and an increase in waste rock removal. After taking into account the cost of drilling and blasting, mucking and crushing, and haulage to the mill, net revenue for fiscal 2012 is forecast at $12.23 per tonne of ore. Gross operating margin for fiscal 2012 is forecast at $2.4-million.
Total cost per pound of nickel after credits is 4.45? Expected to ship 1.6 million pounds of nickel. Nickel forecast at 11 dollars? 6.55 a pound is the profit in this scenario. Times 1.6 million pounds shipped is 10.4 million? Am I wrong?