So far this quarter – that is for July and August – our average cash cost (i.e. our total cost) is A$5.70 per pound of payable nickel. Of course, that is before head office and exploration costs, but we have always had a very lean head office, and it has been further slimmed down recently with all of our senior executives taking a voluntary 8% pay cut, and myself a voluntary 16% pay cut.
MCR Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held