800kt nickel metal indicates 10 baggers , page-40

Thanks soarer,

Please donot forget

"ENK still holds Devolli Nickel project: 100% owned Devolli
Nickel Project in southern Albania. Inferred resource of 35 m tonnes at 1.2%nickel. Refer to BNC's 18% for $6.5m, Devolli Nickel project should be sold at $25-30million."

Even Devolli Nickel project sold at half of the broker's valuation, i.e. ENK can still get $12 million cash injection.

So total cash backing could exceed 25c/share.

Before merged with RML, ENK 's peak SP was 228P in 2007, with the project going ahead, we can expect SP slowly recover to half of the peak SP, 110P. Time will tell1

good luck!