Fair Valuation of Poseidon Nickel (POS), page-31

My 2c worth (from undertaking valuations of businesses for 7 years):
1) POS is substantially undervalued
2) This scenario should change with the forthcoming milestones (provided we tick them off)
3) Biggest potential long term risk in terms of some of the 60x-80x valuation that some are quoting above is a takeover at ~100% premium from a larger player. It'll mean a lot of people will make decent profits but these will be relatively minor compared to the potential profits if POS went into production and remained in production for 5-7 years (and the nickel price increases as forecast).