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3.26% 9.5¢ neometals ltd

Ann: Mt Edwards Nickel Demerger Update, page-117

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  1. rpower80
    1,423 Posts.
    lightbulb Created with Sketch. 172
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    09/08/21
    20:44
    Post #: 55153102
    Can somebody please check my logic:

    The Nickel content in this project is approx 160,000 tonnes

    Spot price of Nickel is approx $20/kg

    Total value of Nickel = $20 × 1000 = $20,000/tonne x 160,000

    Total Value = $3.2Bn

    I am correct in this?

    Not sure what the operating/Cap Ex costs would be for a project like this?? So I have no real appreciation of what this MC would be.

    I got into NMT some time ago for the recycling opportunities, however, this spin off (if my figures above are correct) is a fantastic bonus.
    NMT Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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