Did you buy vigilante?I've sat down and worked out roughly...

Did you buy vigilante?

I've sat down and worked out roughly the deposits worth

116,800 tonne nickel @ 12,985 per tonne, 1.5b
Nickel is expected to rise @ 18,000 per tonne, 2 1b
15% npv at lower price 225m and 20% npv at higher price 420m.

54,300 tonne copper @ 5899 per tonne, 320m
Copper is expected to rise @ 6500 per tonne, 352m
Taking just 10% npv at lower price 32m and 15% npv at higher price 52m.

5,300 tonne cobalt @ 31,750 per tonne, 168m
Cobalt is expected to rise to 38,750 per tonne, 205m
Taking just 10% npv at lower price 17m and 15% at higher price 30m

So resource is worth 2b to 2.6b
At low return and I've done it low 274m to 500m pre tax return. Let's cut it in half. Bare bones 1b to 1 3b metal and 137m to 250m npv.

Company cap 7m, So even halving its worth per tonne and halving its npv still 20x the share price.

If 200k tonne is the resource 4b to 5b based on metal prices at the top with 500m to 1b npv

If they do prove up 200k tonne nickel, it's a large resource, some bhp mines have less contained nickel.

Of course this is worthless until its dug up. Just shows potential.

Czn are in a greenstone belt, surprised they have not got gold, at Lynn Lake is alamos gold with a 4m oz resource in greenstone host rock.

Gold and copper go together, odd because czn got copper and no gold and alamos gold and no copper.

So the area is host to potential copper gold were the minerals cross, alamos appear to be other side of lake, naturally ya can't mine under the lake, but it maybe a mixing basin between the sources to have gold one side and nickel copper the other.