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AusMines comes out of negative territory

AUSTRALIAN Mines has pulled itself out of the red and into a sizeable net profit windfall of $5.8 million, according to its interim financial report, with the company set to take full advantage of the rampant rise of the spot nickel price, which has reached $US50,075 per tonne.

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AusMines comes out of negative territory

Over the six months to December 31, 2006, AusMines reported it swung to a profit after tax of $5.8 million from a loss of $2.3 million in the previous corresponding period. The average nickel price...

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