The numbers below are re-posted from my "value of an Eagle's Nest" post, but the recent news that Vale will be looking for some nickel and copper, got me thinking - won't they be disappointed (an understatement?) if they doddle about just a bit too long and miss out on Noront?

So Vale (and Glencore too), have a look at the value of Eagle's Nest below, then remember that NOT owns at least 10 more deposits in the Ring of Fire (more nickel, etc in Blue Jay, and all that chromite, etc.). And then ask yourself - are you going to sit quietly and watch the Aussies literally steal all those goodies right out of your backyard for mere pennies, OR are you going to stand up and fight for what should be yours? After all, Vale and Glencore, you both already have more connections and more infrastructure in Canada than either of the Aussies and you can easily get the job done, especially now that things appear to be moving forward on the road. But don't wait too long, the clock is ticking and the Aussies aren't going to wait ...

Here’s the full value of everything in Eagle’s Nest, based on the National Instrument 43-101 Technical Report, and metals prices on the LME on Sept 1, 2021:

Eagle’s Nest volume: 11,131,000 tones

Total value of Eagle’s Nest: $7.92B

Value per share: US$15.84 or $20.12 CAD. (500M shares)

Again, that’s just the value of Eagle’s Nest that NOT owns 100%. It doesn’t include Blue Jay, or all the chromite in Blackbird, Big Daddy, Black Thor, etc…

Hobbit