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?
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Mkt cap ! $3.428B |
Open | High | Low | Value | Volume |
80.0¢ | 81.8¢ | 79.8¢ | $2.526M | 3.138M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 86208 | 80.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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6 | 44435 | 0.800 |
13 | 260598 | 0.795 |
9 | 141126 | 0.790 |
12 | 260978 | 0.785 |
15 | 104178 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.805 | 6211 | 1 |
0.810 | 139741 | 7 |
0.815 | 176255 | 5 |
0.820 | 169202 | 5 |
0.825 | 48049 | 2 |
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