Actually it is 22.85 cents per share, better get that calculator...

Actually it is 22.85 cents per share, better get that calculator out again.
That's why it's underpriced.
Nickel at US$8/lb

Nickel July 31,14:20
Bid/Ask 8.0513 - 8.0966
Change -0.0023 -0.03%
Low/High 8.0422 - 8.0989

Cost of production US$4.99/lb

Profit US$3.00/lb
Production 30,000 tons
Profit AUD$241.9 million
Number of shareholders 1,058,232,222, this includes Glencore's holding of 824,829,760 or 70.63%

EPS 22.85 cents

Minara is definately NOT overpriced at $1.10