I think it’s really important to understand some of the numbers that Roger went over in today’s RIU explorers conference presentation. At today’s spot nickel price we have:
-A nickel sulphide project with a 2.5 billion NPV8 with 100% IRR.
-An ebitda of 500 million PER YEAR, our current market cap is a little over 500 million.
-A nickel project with a CO2 footprint forecast to be lower than 97% of global nickel producers.
There is zero doubt about it, we are extremely cheap at current prices. We should be north of $2 per share if not much higher.
2.5 billion NPV8 and 100% IRR
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Last
36.5¢ |
Change
0.015(4.29%) |
Mkt cap ! $181.1M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.5¢ | 35.0¢ | $63.43K | 177.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29974 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 969 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CTM (ASX) Chart |