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)

Free
Message: Fundamental info revision:
Reply New Message
Prev Message Back To Forum Threaded View Next Message

The current NPV8 of $1 per share means that today, not at the beginning of production, the fair value is $1 based on nickel of $7 and production starting on time and an 8% discount rate. When we get to production, our SP assuming nickel is still at $7 should be $1x1.08 to the power of 3 or $1.26 per share. If nickel returns to the assumed prices and our NPV8 is $543M or $2.36 per share TODAY or $2.97 per share, a ten bagger from today's price. This of course assumes that we can finance our construction without dilution with some type of off take agreement.

If production is delayed for a variety of possible reasons, than our NPV gets knocked down to some extent.

G.

12 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply