Bratty:
"So Eagle's Nest alone is worth $2.88 per share by my calculation - fully diluted."
Plus add the Blackbird Chromite (our second NI 43-101 resource).
Based on the SPQ buyout price of $ 150M (SPQ had 1/4 of Big Daddy),
Blackbird has lower grades compared to Big Daddy, but is 50% bigger than SPQ´s quarter of Big Daddy.
So you might want to add roughly $ 150M to the Eagle´s Nest valuation, which would add another $ 0.80/share.
Total for Eagle´s Nest (per NPV) and Blackbird would be : $ 3.68 / share !
(Not included: Eagle´s Nest Deeps, JJJ Gold, other Nickel deposits to be found)
FANTOMAS
And my favourite part from today´s NR:
The Company is also encouraged that the PA demonstrates that the Eagle’s Nest Ni-Cu-PGM discovery can bear the full costs of infrastructure development if necessary.