HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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One More time

posted on Feb 18, 2008 06:03AM

If we include the goodwill component and land value of JV's (as per Genuity with JV land value modified) and maintain a 10% valuation then we are undervalued at even a 4.0 million tonne figure.

NI Equilalent 3%
NI Price / LB. $ 10.00
F/D Shares 135000000
Other Properties $ 1.00
Current Share $ $ 4.85
Tonnes Ore 4000000 5000000 6000000 7000000 8000000
Nickel (tonnes) 120000 150000 180000 210000 240000
Buy-out Value 10.0% 10.0% 10.0% 10.0% 10.0%
Gross Metal Value 2640000000 3300000000 3960000000 4620000000 5280000000
Share Price $ 1.96 $ 2.44 $ 2.93 $ 3.42 $ 3.91
Goodwill $ 1.49 $ 1.49 $ 1.49 $ 1.49 $ 1.49
JV Land VALUE $ 1.36 $ 1.36 $ 1.36 $ 1.36 $ 1.36
Other Properties $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
S/P Should be $ 5.81 $ 6.30 $ 6.79 $ 7.28 $ 7.76
Current Price $ 4.85 $ 4.85 $ 4.85 $ 4.85 $ 4.85

Undervalued by

17% 23% 29% 33% 38%

It sure will be nice to have some of the variables become actuals to minimize the need for continued speculation.

Milsy1

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Feb 18, 2008 06:07AM
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Feb 18, 2008 06:11AM
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Feb 18, 2008 06:26AM
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