Sorry F451, but on this one we disagree.

I read through the Stifel report in detail a while ago and, although I'm no expert, I thought there were a lot of holes, hand waving and magic numbers. As I posted previously, even thier future nickel values (from Roskill) seemed questionable. Unfortunately Roskill's data is not available without an expensive subscription, so I couldn't verify them, but they didn't seem to jive with what we hear on a daily basis about future nickel demand.

I tried searching for data related to some of the "compareables and equivalents" Stifel used - most were 5-10+ years old so data was not available (making it virtually impossible to validate their calculations) and the others were single deposits, not potential mining districts.

Also, what about the the 2012 Feasibility Study? The NPV from that put NOT's value at $0.96/share (based on today's shares outstanding) - just for Eagle's Nest, yet Stifel claimed their numbers included the chromite, as well as EN. How could Stifel simply ignore the FS?

I have no faith whatsoever in that report. IMO it's garbage - period. I shudder everytime I hear the name Stifel.

Hobbit