lets try again with some more detail which seems to be the...

lets try again with some more detail which seems to be the reason why it was moderated.

I posted awhile ago my thoughts on relist price which was:

I have just done some calc....not sure if they are correct but here goes.

Most of the date was obtained from old reports the company released

Current Nickel price 9.25 per pound
Breakeven cost of production 5.20
Mining Rate 1,000,000 tonnes per year
Tonnes of Concentrate per year 8,300
Pounds of concentrate conversion 18,298,367
Known Resource 9,200,000 tonnes of ore
Shares on Issue after re hash 345,834,967

With all of that I get 21 cents earning per share....multiple of 9 being current mine life.

Gives $1.93 valuation....seems high as it gives a market cap of 666,900,000 mill.

If I take it back to equal MCR and PAN's market cap of around 300 mill then the shares in ALB are worth around 80 cents.

I have not included anyt value for its other investments.

Anyone else care to have a guess.


This morning I suggested around 60 cents based on average market cap over annual tonnes of production..I was not ramping.... I was giving an educated guess on relist price.


Anyone else care to crystal ball an opening price?