"Nots value be doubled at $12 Nickel as opposed to $6"
No, it just about most times does not work that way. It is too simple an annology and not a linear relation.
Best example, way back when, I no longer remember, our sp was 7 dollars but our nickel resource, though more valuable nickel then, was a fraction of now. So we held much less value then. There is also something to be said for share dilution.
But on average that 7 was hyped up due to discovery and our present is dumped on due to slow down with infrastructure.
But I think you are missing my point which is do not worry Now about our metal prices. Save that for later. You have more than enough of immediate worries besides metal pricing. Metal price right now is mostly a distraction.
Ok fair, if you are new and do not know much about the value of our resource and want to be comfortable about investing in this company, Then a few basic calculations of value per ton of metals contained is warranted. Then just add up the tonnage and distribute over shares outstanding and you should have a ball park value per share. You might also subtract costs of mine operation and construction to add a bit more precision.
And it is way more than present sp, lol.