Re: The nickel alone

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)

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Hobbit

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Re: The nickel alone

in response to

Re: The nickel alone

NevilleD

posted on Sep 12, 2021 05:54PM

Sorry, I didn't make my point very well.

Inco paid about 1/4 of the expected value to buy Voisey's Bay ($17.4B value/ $4.5B price) knowing there was still a lot of work to do to get it. So the bid for the nickel in Eagles nest alone should be at least $1.29 USD/share (using the same value/price multiplier). That would get them just the nickel, nothing else - and they know it!

The current bids are insults. At this point, I have absolutely no respect for either Wyloo or BHP, they are both thieves and scoundrels - and they probably know that too!

How TD, Stifel and the BOD can honestly say $0.55 is "fair, from a financial viewpoint" is beyond me. Look at the comparisons, they aren't apples to apples, they are apples to rotten apple sauce and must have been done by an inexperienced co-op student or lower.