latest zfx response announcement, page-9

Melua,

It seems you too have selectively used data from ABN Amro!

What about this in the Dec report on AGM website:

"Our total risked valuation is A$0.93 per AGM share using our revised exchange rates and commodity prices, dominated by a long-term nickel price projection of
US$6.00/lb."

total risked valuation includes any potential commissioning problems, production problems etc etc etc.

$6.00lb is very conservative too considering current price is double that and the 27 month price on LME is also double that.

So if ZFX are offering a 7c premium to "fair value" under those assumptions I say politely "No thanks" as will many others I hope.

$eeker