LIM lionore mining international limited.

takeover valuations

  1. 566 Posts.
    lightbulb Created with Sketch. 44
    Let me get this straight - LIM shareholders getting ripped off? OR getting the deal of a lifetime?

    IF the full potential of the contained nickel is around 1,729,000t then Xstrata is paying just under $3,000 per tonne on nickel - for their Resource.

    But if you exclude the massive Honeywell etc then the are paying a touch under $17,000t - for their Reserves.

    If management are confident about honeywell, jericho and waterloo (last 2 may have upto 40,000t on Ni) how can they sell out at $3000t Ni?

    If it is a good deal to sell out at $3000 per tonne (Reserves)

    Also does this mean that MRE is undervalued?
    Resources: $2000 per t Ni (EV/Res)
    Reserves: $400t per t Ni (EV/Res)

    TheGimp
 
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Currently unlisted public company.

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