As you know Canadian Royalties received a takeover bid today, here is what they have underground in terms of nickel:
|
|
Probable |
Ni |
Cu |
Pounds Ni |
Gross Value Ni |
Gross Value Ni |
| Date |
Deposit |
Tonnes |
% |
% |
|
$5/lb |
$10/lb |
| Jun-07 |
Mesamax |
2,186,155 |
1.85% |
2.49 |
88,976,508.50 |
$444,882,542.50 |
$889,765,085.00 |
| Jun-07 |
Expo |
8,255,282 |
0.68% |
0.69 |
123,499,018.72 |
$617,495,093.60 |
$1,234,990,187.20 |
| Jun-07 |
Ivakkak (OP) |
635,897 |
1.22% |
1.53 |
17,067,475.48 |
$85,337,377.40 |
$170,674,754.80 |
| Jun-07 |
Ivakkak (UG) |
218,994 |
2.28% |
2.73 |
10,984,739.04 |
$54,923,695.20 |
$109,847,390.40 |
|
TOTAL |
11,296,328 |
0.97% |
1.13 |
241,063,639.52 |
$1,205,318,197.60 |
$2,410,636,395.20 |
|
|
|
|
|
|
|
|
| OP = Open Pit |
|
|
|
Total Pounds Nickel in Mesamax, and Ivakkak |
| UG = Underground |
|
|
|
117,028,723.02 |
|
|
The takeover bid of $.60 per share * 102,052,631 shares outstanding demonstrates a Takeover Valuation by Jilin Jien of $61,231,578
This equates to roughly $.52/lb Ni (excluding Expo), or with Expo works out to $.254/lb Ni.
