Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: Pulled post

Apr 15, 2010 10:27PM

I beleive they were all pulled since we mentioned that other stock?? And I was a little rude?

Here are some numbers with the updated nickel prices (no exchange rate conversion since we are pretty much at par)

A quick calculation at $12.30 Nickel

1800 tonnes a day at 1% average grade = 18 tonnes a day x 2205 = 39,690 Lbs x 85% recovery = 33,737 Lbs of nickel

33737 lbs of nickel x (12.30 x 80% what we get from xstrata after copper and cobalt credits) = $331,972 Per Day

Minus costs of $4 per pound (could be lower) = $134,948 = $197, 024 PER DAY x 360 days = $70,928,640

So am I worried about LBE Debt and the preferred shares.....Not at all


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