About a Mil sitting on the sell side at $1.41. We will see how serous they are to be taken out! Or they may be trying to encourage more selling.
Mr Bigglesworth, IMO to meet the 20KT plant that should give a MC of $3-4Bil.
They will have to look at a resource of around 1/4Mil. At current Ni prices that is around $7.5Bil. Based on other Ni producers there would be a conservative estimate of 40% profit. However David it trying to make it the most profitable in Aust.
You could be looking at $10+ imo when in production. I think $3-5 by the end of the year to be conservative in the short term. With Twiggy, involved you never know!
To be the largest Ni producer in Aust you have to be looking at 30-40KT which may give a MC of $7-8Bil! so they could be looking at $20+
change of interests of substantial holder , page-9
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Change
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Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $44.42K | 10.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 35438671 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11634354 | 27 |
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