HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
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)
Message: Genuity Capital Markets estimates.
I am no expert at reading these three estimates.
I do see they go from .90 to $7.97, wide enough to be of little help! Take your pick (I like $20.00 myself).
Some help with abbreviations...
NAV = Net average value (value per share)
GMV = Gross Metal Value.
Mt = Million tons.
Why the 7%?
What is the -expl potential?
Comments?
TIA
BK
From Feb 26, 2008
Valuation and Price Target
Based on “reduced exploration risk/higher exploration potential, along with the expectation that Eagle Two will also return high-grade Ni-Cu-Pt-Pd assays,” Gray increases his value for Noront’s 100% land position to a premium US$1,200/ha from US$600/ha (which adds approximately $40 million to his 12 month NAV). He also increases his “Belt Goodwill Premium” by $100 million to integrate the upside associated with his optimistic case scenario (see figure below). He acknowledges that “the rare nature of the ultra high-grade Eagle One mineralization and high potential for this early exploration “new Ni-Cu-PGE belt” story is attested to by the Eagle Two discovery.” He maintains his Speculative Buy rating and increases his price target to $7.00/share based on his higher exploration rating.
The link for easier chart reading:
http://bp2.blogger.com/_74sUVvd5Z9g/...
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