Toledo - Cashflow from the world's 3rd largest Nickel Resource

Well, one can assume that gross profit could be around 10,000,000 pounds based on delivering one million tons. It then all depends on the forecasts from there mainly based on future contracts. Demand by far exceeds supply, contracts are there waiting to be signed, obviously the management want the best deals they can get and this will take a bit of time to negotiate. The MPSA would also help. It does look as if in the current state of the market, institutions are now waiting for income generation before they invest, once the first contract is signed i feel the sp will begin it's rise which could well be sustained as other contracts are signed. It is not easy to put a figure on the sp at the send of 2007, surely not as low at 2 pounds, on the above assumptions at least 5.