Tomboy, using my grade 5 arithmetic knowledge, I reckon that a...

Tomboy, using my grade 5 arithmetic knowledge, I reckon that a nickel price rise of 10 cents a pound, conservatively increases POS’s worth, given over 400,000 tonnes of reserves, by around $80 million. Am I correct or need I attend remedial class?
So to my way of thinking, it seems incongruous that the market values this resource at around $300 mil. To the point I’ve made before, on face value, a takeover at 20 or 30 cents would rob shareholders and provide the suitor with a significant windfall. What a strange place the market is! “Curiouser and curiouser”, said Alice!!