Re: Share Price and Valuation in Perspective
in response to
by
posted on
Mar 15, 2008 02:20PM
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)
Your right. Thanks for checking my math. Used the wrong column from other calculations.
Gross in-situ metal value of Ovoid in 1996 = $10.9B
$4.3B represents 39% of gross in-situ metal value
Gross in-situ metal value of DE1 currrently = $4.5B
Potential value of DE1 to NOT = $1.8B or $14.06/sh
Now all of us should sleep very well tonight. Thanks for checking my math.
Cheers
geoprof