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