21.5 billion dollar company

Metals X
(ASX:MLX) has completed the scoping study for the Wingellina
nickel-cobalt limonite deposit.
The scoping study has been performed at a flat nickel price of
$US20,000 per tonne and a flat cobalt price of $US15 per pound.
These prices are only 40pc of the current spot metal prices but
are considered to be more appropriate long-term prices for the metal
given the long project life and gestation period of up to 4 years before
production could occur.
To understand the upside impact, at the current spot price of
$US50,000 the NPV (8pc nominal) pre-tax is $21.5 billion with an IRR of
94.8pc.
On the downside scenario, a similar estimate of these financial
measures at $US15,000 per tonne for nickel gives an NPV of $2.6 billion
with an IRR of 22.2pc.