nickel assays exceed expectations, page-11

Agree with you JJ.
Already at 100k tons of nickel and looking for another 50k.
Even if you value the ni $3000 /ton that is gives the company a valuation of 3 billion before tax or 2 after tax.

I have assumed a basic cost per ton of $
mining 7000
oheads 3000
refining 5000
pretax profit 3000
selling price 18000
This would translate to a post tax profit of 2000 /ton and valuaing the co @2 billion or twice what it is now.
Long term assumptions are usd/aud on parity and price of $8.16/lb.
Very simplistic but huge advantage of security in being a low cost producer