Overnight the Nickel price rose USD1,911 to USD28,767
The inground value of our 239k Nickel resource increased by $676m to AUD $10.1B
I'm probably missing something here, but a quick comparison with CHN:
CHN:
20Moz PqEq at 1.8g/t
$1.8B mcap
FME:
6.9Moz PdEq at 1.66g/t
$46m mcap
So we have 35% of the PdEq resource of CHN but only 2.5% of the market cap!
If FME PdEq oz's were valued the same as CHN, our market cap would be ~ $620m or $1.75 per share.
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