I missed the articlr in the Australian. Can you post it please?
ITC already have a share price of about 6 cents which was the market's view of their oil and gas leases.(very conservative)
The nickel is a bonus. If directors value it at $15m and ITC have 187m issued shares, it's worth an additional 8 cents per share.
Realistically, ITC should now be trading in the 10-15 cent range.
Due to the poor state of our capital markets where institutions can't see value in smaller companies, we will need to wait for a take over or some such deal before the market wakes up.
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