800kt nickel metal indicates 10 baggers , page-38

  1. 6,325 Posts.
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    Thanks Rocket,

    Nickel price going up 3% recently to above $7.5/lb, ENK'S $3+/lb profit margin indicates cash flow $100m+ from the 15K Nickel metal production per year.

    Cashed up again and again, but SP didnot followed yet, I believe Market will re-rate ENK sooner than later, once mining sector recover a bit.

    Current SP is less than cash backing, and we still got royalty from the DSO.
 
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