Melua,It seems you too have selectively used data from ABN...

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