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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Tommaso who wrote (29153)	4/17/2004 12:34:44 PM
From: Condor	Read Replies (1) of 39344

Hi Tommaso, Some interestin stuff......... In 2003 Inco (N) produced: Nickel 213,890 tonnes Copper 93,335 " Cobalt 903 " From Inco's Annual report 2003 Each $1/lb increase in the price of Cobalt equates to increased annual earnings for Inco of $ 0.01/share. Each $0.10/lb increase in the price of Nickel equates to increased annual earnings for Inco of $ 0.12/share Each $0.10/lb increase in the price of Cobalt equates to increased annual earnings for Inco of $ 0.09/share. By my calculations (by todays prices), Cobalt represents 1/5 of 1% of Ni,Cu and Cobalt revenue to Inco even at Cobalt $ 28 per lb. I can just see the calculators flyin now. :o) inco.com Cheers C

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