Based on the pit-constrained MRE announced early last month and using Chalice’s own market prices for all the metals in that MRE (see 7 Nov announcement), I’ve put together a rough NPV estimate - it is still a staggeringly large number. I can see why Nickel is emerging to be a strategic asset for Chalice just by looking at the NPV of that metal coming second close behind Palladium. For a MC of just over $3.3 Billion, we must be looking very very cheap for a NPV of $44 billion. Chalice has to be the hottest stock in the world? And all of that is not including any further mineralisation yet to be discovered in Hartog and beyond.
This is not investment advice and please do your own research. I could be very wrong.
South Hartog, page-44
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