Here is another take on your calculation. You will notice that I have increased the Ni equivalent to 3.5% to account for Rhodium. We do not have final numbers on Rhodium so this of course is speculative. I have also increased the buyout to 30% as per PM. I have given scenario if we prove up, 6, 15, 30, 50 and 100Mt of ore just to keep the dream alive!
Equilalent |
3.5% |
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NI Price / LB. |
$ 10.00 |
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F/D Shares |
135000000 |
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Other Properties |
$ 1.00 |
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Current Share $ |
$ 4.85 |
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Tonnes Ore |
6000000 |
15000000 |
30000000 |
50000000 |
100000000 |
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Nickel (tonnes) |
420000000 |
1050000000 |
2100000000 |
3500000000 |
7000000000 |
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Buy-out Value |
30.00% |
30.00% |
30.00% |
30.00% |
30.00% |
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Gross Metal Value |
1260000000 |
3150000000 |
6300000000 |
10500000000 |
21000000000 |
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Share Price |
$9.33 |
$23.33 |
$46.67 |
$77.78 |
$155.56 |
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W/Other Proper |
$10.33 |
$24.33 |
$47.67 |
$78.78 |
$156.56 |
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Current Price |
$ 4.85 |
$ 4.85 |
$ 4.85 |
$ 4.85 |
$ 4.85 |
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