Please help me to understand if am I missing something here... Nic announced on the 16/10/2020 acquisition of Angel project roughly for US$ 560MIL, for a production of 29000/t Nickel (19mil/t ratio) when back then Nickel price was at US$17000/t. Recently 8/12/2021 Oracle project for US$ 371MIL, for a production of some 25000/t Nickel (14.8mil/t ratio) when Nickel price was at US$ 20000/t.....now at 25000/t. NIC sp is now lower than peak one year ago. Recent Oracle project much cheaper than Angel project with nickel price keep rising. Last results came at US$ 6000 profit per nickel tone with nickel at 18500/t, now price another US$ 6000 higher...... 90000/t attributable nickel production by mid 2023, who knows at what price nickel will be.....at current price will bring US$ 10000/t profit or a third of current NIC market cap..... Is any of those positives already priced in?
NIC Price at posting:
$1.34 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)