When I met the CEO in London a few weeks back, it was mentioned that June could be a possible month for the lifting of the suspension. If this is still the case, I would've of thought a prospectus should be with us in fairly short order which will help us all to come to some sort of valuation. If the process works as Direct Nickel expects it will, the valuation could be anything. I remember talk of $750M a year or so ago, but who knows.
I suspect if Direct Nickel conduct a fundraising and lift the suspension in June, the Market Cap could be around $50M - $70M, so come year end and if the process has been successfully demonstrated, those investors that were willing to invest should receive a major return. Investors in Regency Mines (JV Partner and Investor)) are well aware of the DNi process and have taken positions ahead of process demonstration.
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When I met the CEO in London a few weeks back, it was mentioned...
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