Ann: First RC Assays Show Broad Zones of Mineralisation, page-23

Thought it would be some fun while we wait for more results to have a go at valuations.
A few assumptions made for the current drilling area:-

Size 2500 x 1000 x 260 = 650,000 m3
take a density of 2.8 to get to tonnage - 1,820 mt ore
0.2% Nickel as a lowish average -> 3.64 mT Ni
Extraction % - hard one here - lets go low and take only 10% -> 360,000 T Ni
Current price is around 1800USD /T -> 6,552 M USD
Convert to AUD -> 10,272 M AUD
Take 10% of NPV as a rough guide -> 1,027 M AUD
SOI 65,551,831 - might be a few out here -> share price around 164 AUD give or take!!!! (NO COSTS)

Only question remains is how much will it cost to extract - any takes on a cost per tonne then we can get to a better number....

And if there are glaring errors please correct me as I am not an expert by any means... but its all good fun to try.