Calculate the Gross Metal Value Returned ("GMVR") under a Net Smelter Return ("NSR") processing contract for a nickel concentrate which has the following terms: Price participation Payable Metal 10% of nickel price over US$6.75 per pound 90.0% Metal Unit Deduction 1.5% Smelting (or "Treatment") charge Refining Charge US$250 per dry metric ton US$0.65 per pound of finished nickel Concentrate Transportation: US$ 6.76/wet metric ton Truck haulage port Storage & Handling at port Ocean freight Unloading ship at receiving port Rail freight to Smelter US$ 2.25/wet metric ton US$11.75/wet metric ton US$ 1.55/wet metric ton US$23.50/wet metric ton Assume that the current price for nickel on the L.ME is US$15,375 per metric ton, and that the nickel concentrate has a grade of 25.0% Ni per dry metric ton, and the concentrate contains 8.0% moisture when shipped. You can disregard any concentrate in transit losses Calculate the GMVR both before and after concentrate transportation charges and upload your answer in an excel spreadsheet. Calculate the Gross Metal Value Returned ("GMVR") under a Net Smelter Return ("NSR") processing contract for a nickel concentrate which has the following terms: Price participation Payable Metal 10% of nickel price over US$6.75 per pound 90.0% Metal Unit Deduction 1.5% Smelting (or "Treatment") charge Refining Charge US$250 per dry metric ton US$0.65 per pound of finished nickel Concentrate Transportation: US$ 6.76/wet metric ton Truck haulage port Storage & Handling at port Ocean freight Unloading ship at receiving port Rail freight to Smelter US$ 2.25/wet metric ton US$11.75/wet metric ton US$ 1.55/wet metric ton US$23.50/wet metric ton Assume that the current price for nickel on the L.ME is US$15,375 per metric ton, and that the nickel concentrate has a grade of 25.0% Ni per dry metric ton, and the concentrate contains 8.0% moisture when shipped. You can disregard any concentrate in transit losses Calculate the GMVR both before and after concentrate transportation charges and upload your answer in an excel spreadsheet