Next 4 Quarters should be so much different By my calculations based on this recent news release,my calculations based on the current nickel prices indicated revenues could double in the coming year.
In saying this I stand to be corrected but definitely it should be so so much better than the past four quarters,
Also the Cuban factor could become a reality I bought a few today GLTA
NEWS RELEASE
Operating results attributable to Sherritt at a 40-per-cent ownership basis are summarized in the table.
YTD YTD January December November Production volumes (tonnes -- 40% basis) Finished nickel 1,877 964 1,877 1,302 1,108 Finished cobalt 140 75 140 76 67
Record finished nickel and cobalt production and record ore throughput were achieved in January. Strong improvements in monthly production were the result of the corporation's successful program to target increased operational performance throughout the processing facility, with particular emphasis on the countercurrent decantation circuit and raw liquor neutralization circuit. In addition, the second ore thickener was successfully commissioned during January and will improve slurry density to the PAL autoclaves.
For the month of January, finished nickel production was a record 1,877 tonnes (4,692 tonnes, 100-per-cent basis), or approximately 92 per cent of nameplate capacity, and ore throughput in the PAL circuit was a record 513,363 tonnes (100-per-cent basis), or approximately 103 per cent of nameplate capacity.
With the annual planned maintenance complete on four of the five PAL autoclaves during the second half of 2014, planned maintenance is scheduled for the fifth autoclave in February.
Sherritt remains focused on the key milestone of reaching a production rate equivalent to 54,000 tonnes of nickel on an annualized basis (approximately 90 per cent of nameplate capacity). The production rate is measured over 90 days in a 100-day continuous period, and the target to achieve this milestone is within the first half of 2015.
We seek Safe Harbor.