SIR 0.00% $2.52 sirius resources nl

how does sir's value compare to wsa? , page-27

  1. 37,911 Posts.
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    plenty of gold miners go broke; grade & metallurgy are important

    you seem to be ignoring the high grade nature of Nova & the favourable metallurgy

    if they could average 6.5% copper equivalent, i.e., 2.5% nickel & 1% copper, that is quite high grade

    currently, based on announcements, so far, SIR have found around 200m x 100m x 12m = 672k tonnes at say 8% copper equivalent = 54,000t worth $438m in-situ or $300m for 70% share

    15%. just plucked it out of the air since a good copper deposit can sell for 10% of its in-situ value

    ok...make it 10%. currently SIR has found $30m worth of copper & nickel assets for its $700m fully diluted market cap

    why are you complaining about SIR being worth 20 times its current asset value?

    SIR only needs to find 20 times more nickel & copper than it has found to date and its market cap will be fairly valued

    what is the problem with that?

 
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