If those figures turn out to be proven and inferred resources after a lot more drilling and assays then current share price is kind of inflated by speculation that it will end up MUCH larger.

Looking at several months work to prove up and then see a market cap equivalent to $6.50? That's not what current investors are looking for.  Maybe value in ground = more than 10% of mineral value? It's easy ore to separate nickle out of and relatively close to surface.

How about it, must be some guys with some knowledge of applying in situ valuation to a dollar value?