Eagle's Nest Nickel 10M to 20M tons.

Approximate value 6 to 12 billion dollars.

10% in situ = 600 million to 1.2 billion dollars.

Value per share at 10% in situ $3.00 to $6.00 (approximate).

5% in situ = $1.50 to $3.00.

Voisey Bay = 40% in situ.

No value given for blue sky, JJJ, chromium, vanadium, titanium, AT12.

No value given for Cliffs building a railroad although that should put the in situ value up.

Value if a takeover bid ???

Are we undervalued?

IMHO.