58m market cap working on a PFS project betwen 3.8 and 6.4b (base case vs SPOT). 42yr mine life tells me SPOT prices into 2050 will be alot higher when dealing with EV / E-anything technology.
If NC1 is a 3.8b company 1k invested today is 69k in 10 years - would you miss the 1k if you lost it? would you appreciate 69k?
Given the 2.9b CAPEX bill its going to be tough for a 58m market cap company to pull this off. One must look at this from a high-risk / high reward perspective and the reward justifies the risk multiple times.
Sadly however I am willing to bet NC1 gets taken over, i expect the director ownership will give us a big premium but equally those directors would welcome a big brother with open hands - who will it be? People associated with OZL? Or perhaps BHP with all their synergies is the likely suitor.
Today's high grade pits just makes this even more appealing
DYOR this is high risk
NC1 Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
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