I am so confused and feeling pretty sluggish in the noggin right now. I'm still trying to figure out LTGoldBulls2's method. He arrives at $1.29ish for Noront's nickel. Edgy at $18 , not counting chromite, pge, and iums. Were you talking about cliffs offer for Freewests chromite at .05 value of ore? And how is this related to Not.v's nickel buyout. Did I miss the tarket here? Spell it out again...pretend I'm drunk, my frontal lobes have shut down, and executive decision making is gone. Give me more examples.

I cut it by three to make an assured profit of three times the buyout of a company. So 1 billion buyout and you want to make sure you get 3 or 4 billion profit. It's a BS number I grabbed out of air because it had resonance from another poster. So of course you can forego it, but it helps keep the numbers grounded.

When I cut 4.5 bil in half, I was taking all the costs to bring to a proved ore reserve and a buyout by someone who would want to produce a mine. Therefor more immediate profits for us. Mining Explained published by Norhtern Miner just advised to cut ore value in half to take care of producing, taxes, etc..., p. 85, 86, "The gross Value Fallacy: mining companies and investors often make mistakes when calculating the value of mineral dopsoits. one of the most common errors is a simple calculation wherein reported percentages of metals are multiplied by current market prices for theose metals yielding what is known as the gross value fo the reserves. This figure is virtually meaningless...Studies have shown that a typical base metal mine will genrally get about 45% to 65% of the gross metal value as a net return from the smelter. Some complex ores, which will tend to have higher smelting costs, can return as little as 35% of the gross metal value."

Let's go through Voiseys Bay numbers: