3 Stella's beer mat and a pen calculation8 Jun 2022 22:21
12.4 million tons per year at .66% ni average = 81,840 tons
81,840 x 2200 =180 million pounds of nickel
Nickel price used Teo $6.56 per pound current spot price $13.45 per pound
$13.45 - $6.56 = $6.89 per pound free cash
180 mill x $6,89 = $1,240,200,000
$1.24 billion ÷ 12
=$103 million dollars per month extra cash free turnover
Please pull too pieces I've had 4 Stella's now
This does not include copper spot price upside
I may be being stupid, calls might be way off
But if I am not, construction cost of the mine could be covered with 1 years mine operations just using spare free cashflow at today's prices
There still is the possibility of funding for the road etc etc tax concessions
If i am wrong apologise
If i am right, stop fretting sit on your hands time is our friend imop
Dyor
As always sorry for the dysl