Boy, I did,nt think I get any flack by conveying that I think we are still undervalued.
I will repost taking into account the feedback:
Rockstar: The 10% is a rule of thumb when trying to establish what the current valuation should be - It is not a mine as of yet. The future share price of $78.00 that RN quoted down the road might be low.
Latenite: What was the actual value or ore per tonne that Miramar had in the ground?
Polyable: I will change my terminology from NPV to % of mineral value and increase the percentage due to the close-to-surface and ease of nickel seperation .
Fairchij: Your resource calculator valuation of $1,160.00 per tonne will be used as well as your rock density of 4.5. (I was using the $1,000.00 as this was quoted from Mr, White - IBK)
Sum4All: You are correct that this valuation does not include other properties. To each their own in adding this valuation.
Johndefur: This valuation does not take into account the cost of building (500MM-900MM) as conveyed by Mr. White)
| STRIKE LENGTH |
|
205 |
MTRS |
|
|
|
|
|
| WIDTH |
|
|
50 |
MTRS |
|
|
|
|
|
| DEPTH |
|
|
195 |
MTRS |
|
|
|
|
|
| CUBIC METERS |
|
1,998,750 |
|
|
|
|
|
|
| ROCK DENSITY |
|
4.5 |
TNNS/CU MTR |
|
|
|
|
|
| TONNES OF ORE |
|
8,994,375 |
|
|
|
|
|
|
| VALUE PER TONNE |
|
$ 1,160.00 |
|
|
|
|
|
|
| IN-SITU VALUE |
|
$ 10,433,475,000.00 |
|
|
|
|
|
|
| NPV OF MINERAL % |
20.00% |
|
|
|
|
|
|
| SHARES OUTSTANDING |
123,000,000 |
(F/D) |
|
|
|
|
|
| NPV SHARE PRICE |
|
$ 16.97 |
|
|
|
|
|
|
| LONG TERM PRICE |
|
$ 84.83 |
|
Note: Long term price is based upon above valuation only.
Quite frankly, I am more comfortable with my previous valuation until more blanks are filled in.
See you tomorrow.
Milsy1
