Wurlich - you might like to do some research on the likely average ore density - your choice of 2.5T/m3 in my opinion is too high. I'd say a range of 1.7 to 2.0 is probable, and the 1.9T/m3 that 2ic selected seems reasonable to me. Also the grade is for niobium pentoxide (Nb2O5) not niobium (Nb). Using molecular mass you can calculate that Nb2O5 contains 69.90% Nb by weight. Applying 1.9T/m3 and 69.90% would reduce your share price estimates by 46.9%. I don't mean to be picky about back of the envelope calculations, especially those trying to give a rational single number for share price, but it's probably worth keeping these two factors in mind.
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1 | 364 | 16.910 |
4 | 1494 | 16.900 |
1 | 14888 | 16.880 |
5 | 2428 | 16.850 |
Price($) | Vol. | No. |
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17.000 | 276 | 1 |
17.100 | 1500 | 2 |
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