Re: Exchange rates
in response to
by
posted on
Apr 03, 2010 06:02PM
Producing Mines and "state-of-the-art" Mill
Hey Tantallon,
Why do you talk about stuff you really dont know about?? Who told you our operating costs are $7 a pound?? Gary never said it so I dont know where you are pulling that info from unless you misunderstood Gary when he said we can be profitable at $7 Nickel.
I think you need to realize if nickel stays over $11 Liberty will be making a lot of $$ this year as there costs should be $4 or below (I am not sure if this will include all of the credits for the by product as they will have more than previous)
We get about 80% from xstrata which would give us around $9 per pound and our costs should be around $4 so we are making $5 per pound when we are in full production. If nickel stays around $11 or higher you will see all that debt repaid in the next year and the market will wakeup sooner or later.