Hi Rocket,ENK's current book value is 46c/share. SP is only less...

Hi Rocket,

ENK's current book value is 46c/share. SP is only less than 1/3 of the book value, and it's rare find that a mining stock whose SP is mauch lower than book value.

I aslo think the potential takeover bid from other mining giants, especially from BHP, because of their cooperation before.

JORC will be upgraded again, and announcemnet coming soon.

"I am surprised that ENK haven't been taken over.
ENK would make an attractive takeover target for the likes of MCR or IGO who are quickly running out of nickel (sulphide) deposits and they'd get a cheap new project thats ready to go, plus $40 million in the bank."

Based on the book value, I believe any upcoming bid should be around $200 million for the company, plus the cash, circa $1 per share.

cheers