It will be over $100M.
However, pricing needs to improve and stay at those improved levels. The npi/nickel mkt is incredibly volatile at the moment and I dont see the SP moving much even if EBITDA doubles.
Economic activity in China and a current supply glut of various nickel products both need to improve for there to be a significant valuation shift. The SP rose after the last 1H call but has since been overshadowed by China and pricing. Hence, it doesnt bode well until these things are resolved.
NIC - General discussion, page-428
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Last
91.0¢ |
Change
0.015(1.68%) |
Mkt cap ! $3.903B | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 92.0¢ | 89.3¢ | $5.583M | 6.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10410 | 91.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 91.5¢ | 87257 | 5 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NIC (ASX) Chart |