there you go, thats why guys like macquarie are saying a ball park figure around $9 per share if you give a P/E of around 10ish
Note this is very simplistic valuation though and is not the traditional DCF using a discount rate and then adding on 'exploration potential'.
Given the special nature of the land that harmanis has been harping on about , its is quite probable that reserves will be increased to the pt where they WILL BE ABLE to produce 20,000 tonnes per annum for a number of years.
In this case the figures above suggest a $9+ valuation plus the high divvys as usual.
If we use a higher nickel price than 15,000 (its around 20,000 now), do the maths (!!!!) although 15,000 US/tonne is a fair estimate over the next few yrs.
Hey im not an analyst, so dont take my figures too seriously - its just a simplistic look at valuation, but brings the pt across
adios
JBM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.