a lock, page-32

re: nickel Looks good to me . I am in today. Seems this news is significant as it assures us of productions second half next year. Thus i wonder what valuation to place on it assuming conservative nickel price. Any brokers done a valuation? My thinking was significantly highter than at the option exercise price of 28 cents by Jinchuan. And higher than the placement price. Conservatively 40 cents and likely to be rerated in the shorter rather than longer term??