something is not right here, page-19

I still can't get my head around the fact that PAN is valued at half the value of MCR. When traditionally PAN would be higher by about 10-15%.

Their costs structure are similar.

PAN produces more tonnage of nickel.

Is the fact they are being hit more because of the two assets they purchased. Not much value being ascribed to them. Is the purchase by MCR better???

PAN should be above $1.00 by now following hot on the trail by MCR.