Re: Share Price and Valuation in Perspective
in response to
by
posted on
Mar 15, 2008 03:04PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Big error in my calculation IF the numbers from the resource calculations do prove similar to the basis used for calculation. The market isn't going to come close to that until we see Noront's calculations however.
So I might be way low BUT my calculations do have the benefit of being pretty close to what the market currently is using for off the cuff evaluation of fair market value. They are also comfortably higher than current market price.