So what...lets say nickel price does double and 1.5% laterite nickel ore price is 40US/WMT (from the current 20US/WMT), and from year 1-5 they will be mining all of the 12Mt of JORC resource and reserves they disclosed (at 2.2Mt p.a. from their PFS report) so that is a total of 480M USD, take 35% net profit they expect that is 168M USD, and 20% going to the landowners that is 135M USD or 170M AUD, minus the 22M AUD start up cost, their value is at 150M AUD (current market capital is 70M AUD) and that is with nickel price doubling!!!!!!
So that is what market is valuing AVQ's value at, yes from year 6-18 they will be supposedly be mining some drilling etc, done by Inco on other tenements which hasn't been gone through JORC so who know what that resource reserve is there, it could be 12Mt or 120Mt deposit, and the San Jorge drilling they might discover 12Mt or 120Mt.
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i need reassuring, page-23
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