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.
ALB Price at posting:
3.9¢ Sentiment: None Disclosure: Held
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