Re: todays s/p
in response to
by
posted on
Jun 04, 2008 09:43AM
Producing Mines and "state-of-the-art" Mill
Hi Buxom
1./ will full production still happen in November/08
The company has said December/08. If things go well - sooner but lets say the date they have said. If you go to the company web site and the McWatters project page you will see it written about there.
2./ What will recovery be
The low grade ore they expect 85 - 87 % and the high grade ore 89 - 93 %
3./ what will return to liberty be from Xtrata/JNICL
These are confidential agreements but we should receive about 79% of the Ni concentrate value.
4./ what will nickel be at $/lb when lbe goes into full production
I'll give you a crystal ball and you can tell us - hopefully I will say $16 a ton but your guess is as good as mine. Hopefully NOT what it is right now.
5./ What will be to cost to mine
I will say it is about $100 a ton (both mining and milling it ) and the LME is about $156 a ton. (this answer I'm not 100% sure on)
6./ what will net profit/share be
We are hoping $0.01 per share but you have watched the price of Ni right now. I think this is very hard to promise right now.
7./ what will the p/e ratio be
I can't say right now.
8./ what will the upcoming 43-101 on Hart be
The Hart will be over 1.8 million tons at over 1%. Soon we will have the answer.
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Hope this helps a little.