Re: Largest Nickel Deposit in the Shaw Dome
posted on
Apr 06, 2010 09:28PM
Just my opinion to add further since that time but because of the low grade there's lots of granite to chew through.
I would guess this site will require $14-15 nickel to make someone large enough to look at it. If so I would further guess it could fetch $.50 a pound in the ground. So if further drilling and an additional 43-101 could be produced, it may increase the indicated pounds to the 350,000,000 level. At $.50 per pound Langmuir could have an in the ground value of $175,000,000. At $.25 cents per pound maybe $85,000,000.
With about 85,000,000 shares outstanding this could be worth $1 a share fully diluted. Maybe more. So you can see how the market is discounting this company due to its poor management and lack of certainty with Metal Mines being spun-off. If more serious management can take control of Metal Mines and set it on a serious course there's always some hope.