If you base your investment on brokers and/or stock analyst target price you will be unpleasantly surprise. No doubt there are some good ones out there and they do get it right occasionally but I haven't heard of Port Philip Publishing.
Given the current nickel price of +10US/WMT and resource reserve, I doubt nickel price would double anytime soon so lets says it goes up by 50% so it's +15US/WMT so at 22Mt resource reserve, that is only 300M USD or 375M AUD profit over the mine life or 300M AUD after the 20% payment to the landowner.
But even if nickel price does return to double digit it's isn't that much, of course, they could drill and find more resource reserve.
AVQ Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held
