I tend to agree with you,
CN have a 5mt resource with 3.5mt in M&I. I doubt any of ASO’s MRE will be in M&I so a much lower SP for ASO. NC has a much higher resource than ASO will have so ASO should have a lower SP.
However, CN may have a lower grade and lower recoveries (50%) than ASO.
ASO also has the gold resource.
No idea if Canada or Australia rates these Ni deposits higher but Australia in general does not rate low grade deposits very highly.
In summary ASO’s SP may spike higher wont maintain much higher than 15c to 20c.
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