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MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
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Wanderer
From re-reading the NI 43-101, the company states that our actual operating cost will be 2.52 per pound. The total cost per pound after smelting is 5.56.
I think we can conclude that the Companies numbers are probably better than anything I can conjure up. :(
On a bright note factoring out mine and equipment costs (which are already paid for) our cash flow will be quite good at even today's nickel prices. Of course higher nickel prices would be most appreciated.
Best
S
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