Yesterday Jinchuan had 176 million shaares worth 51 million@29c per share.This is not some arbitary price THIS IS WHAT THE MARKET DEEMED THEY WERE WORTH YESTERDAY.
I can give you a justification for using 28,4 You cannot reasonably give a justifcation for either 34 0r 22 or any other number unless it is close to the recent range we have looked at.
Fantastic in that there is now a tangible value on someting that was intangible and that it more than the market was giving it value for.
Fantastic that onbe of the worlds most important nickel players is prepared to put their money where their mouth is (read that this is going to happen)
Fantastic that a company with massive expertise experience and connections in the worlds biggest market wants to be a partner.
Fantastic that the other people we are speaking to cant waste our time trying to negotiate in for less than 250 mill EV
Fantastic we are in with someone with deep wallets when we have a $2-3 bill project and access to even biggger wallets.
These guys are serious not just institutional speculators.
The only black swan that can ruin my (added to )position here is Swann himself
MLX Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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