Valuation
posted on
Feb 24, 2016 03:06PM
Latest market rumors from first hand is at CAD 1 B for the nickel and PGMs, including the road. For the chromite the price is higher, 1.5 B to CAD 2 B as this is the moneymaker for years to come. These are the conservatieve figures. KWG' standstill agreement brings some uncertainty to a buyer as it has to look at the implications, in the end this will work on a more co-operative basis, we only need one railroad going into the heart. Would be nice to keep Smeenk on board, too clever a man, gas-patent and Chinese railroad to add to a worldclass deposit no matter how the company is valued for today. NOT is looking at a Total of at least CAD 2.5 B, RCF has waited over 8 years to get there just like retail.