10 billion dollar inground nickel was talking to my broker yesterday about nickel company valuations. Comparing to Mirabela whic will go into production at 17,000 tpa Ni in concentrates. It has a Cap of about $300M. Then that raises the question - What is the true value of Metallica??? Is it half that???
At $150M market cap the stock is trading at about 50 cents on the dollar (or less) at the moment.
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