hot potatoe rising., page-39

thanks q

there's big differences between this and our other fav..

namely, discovery made, and quality of the people, and that buys quality money

and, I don't feel the need to lash out at negative posters

but, just for you buddy

Pattos analyst Alex Passmore said Nova might look like 15-20mt

I have a little insitu value formula that tries to replicate recent corporate transactions. It's not perfect, and the recent transaction are mostly copper, not nickel, but it's better than rule of thumb-2% or rule of thumb-3% etc etc

so look at a couple of scenarios (on 70% ownership)

-----
grades 3.5% Ni and 1.5% Cu
Ni cut off 2%
Ni 90% rec, Cu 80% rec
Ni price $16,000 /t

20mt is $12b x 2.3% = $195m mkt cap
15mt is $9b x 2.3% = $145m mkt cap

-----
grades 4.5% Ni and 1.5% Cu
Ni cut off 2%
Ni 90% rec, Cu 80% rec
Ni price $16,000 /t

20mt is $15b x 3.2% = $335m mkt cap
15mt is $11b x 3.2% = $250m mkt cap

----
at 90c and $210m we seem to be pricing in 20mt at 3.5% ni, a big call.

lucky for me, I already have a lots of stock.