Hi All,

Below is my guestimate based on the spreadsheet that my hubby put together about 3 years back when we thought 'wow could you imagine nickel ever hitting $8/lb'.

Any and all feedback greatly appreciated:

Annual Redstone profit estimate (guestimate):

7 P/E Ratio (Exchanges Price over Earnings Ratio)
25% Corporate Tax
360 Net Operating Days/year
$8,000,000 Exploration Costs, Annual
$1,000,000 Administration Costs, Annual Corporate $500,000 Misc Costs, Annual
36% Discount (from spot) to Jilin Jien
90% Recovery
2.0% Average Annual Ore Grade

1,500 : tpd @ 2.00%

70.00 USD Operational Cost, US$/tonne (mining, milling, transportation)

Nickel Spot price: 14.00

Gross Ore Value:

Spot Price: 14.00 USD

Gross Ore Value: $299,376,000
JJ Discount: $107,775,360
Operating Cost: $37,800,000
Operation Profit: $153,800,640.00
Gross Profit: $144,300,640
Corp Tax: $36,075,160
Net Profit: $108,225,480
Profit/Share: $1.52
CAN$ Share Price: $10.04