MBN 0.00% 8.3¢ mirabela nickel limited

Market cap of $116M Current share price of $0.125 Ordinary...

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    Market cap of $116M
    Current share price of $0.125
    Ordinary Shares 928M
    Santa Rita Project NPV = $346M
    Cash @ A$25.2
    Debt. Nil

    NPV / No. Shares = $0.37
    + Cash / No. Shares = $0.03

    (excluding exploration potential)

    Price target of A$0.40
    ($0.40-$0.125)/$0.125 = 220% premium to today's price.

    Why has the current price not increased to the forecasted equity value if the share price reflects the future value of the stock?

    or will this come true when the next quarterly is released?

    Any bigwigs know the answer?
 
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Currently unlisted public company.

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