EL,
You sound a little peeved that PAN is having a good day?
Are you annoyed you missed out on buying at the $0.12’s level…
I think Cadbury raises a pretty good point.
WSA - about $1.2 billion
MCR - about $800 million or possibly more depending on any increased offer. On balance (5 years VS 12 years) similar financial outputs.
The scarcity of sulphide nickel mines. Pan being a producer.
Surly Pan is worth similar to MCR, I am pretty confident it’s not worth $250 million like it was trading few days ago.
And if you account for the huge potential nickel will play in the future then a higher valuation is not out of the question.
You forgot that Pan received an offer (albeit highly conditional) for $319 million in 2019 when nickel prices were about $14k per tonne and a very different operation VS today. On that alone one would think the value should be at least double.
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