What aren't we seeing that they are? All those production cost...

What aren't we seeing that they are? All those production cost numbers are made public, unless there are something which we aren't privilege too and/or miscalculated?
@mattyedw said they are looking at around $230M (I assume this is in USD), that is way undervalue, given the infrastructures they built at a cost of $400-500M USD of their initial investment with supposedly low operation cost that they manged to now achieve as they reported (aided by the fall of the REAL), other unexplored tenements and still JORC of 250Kt of sulphide nickel in concentrate remaining, and further fall of the REAL and PoN potential in the next 5 years (there's low risk that both these would go lower than 3.30 and $6US/lb, very low).
They will get at least double that in a years time and given they are still substantial share holders, they will get a major cut of it.