Normal
While the SP has come off, it's MC is still $2.2b ish. Hasn't even got a Scoping Study out yet. Complicated met. Going to be a massive Capex. $1-2b range. The bottom of the deposit looks like it's going into the forest. Who knows what sort of purple spotted green tree frog lives in there. Maybe you could go and shift the fences a bit to the north?It's really hard to put a reasonable value on this and know when to be buying in or taking profits. Maybe it's just all in the charts. We need a feasibility study and NPV/NAV to know more. In-situ value of 2Mt NiEq is about $50b at the moment.This probably isn't a potential multibagger from here and won't be making money for a very long time. In the orphan period of the Lassonde Curve I think. Short term catalyst will be the MRE upgrade and potential major JV partner or straight out takeover.
While the SP has come off, it's MC is still $2.2b ish. Hasn't even got a Scoping Study out yet. Complicated met. Going to be a massive Capex. $1-2b range. The bottom of the deposit looks like it's going into the forest. Who knows what sort of purple spotted green tree frog lives in there. Maybe you could go and shift the fences a bit to the north?
It's really hard to put a reasonable value on this and know when to be buying in or taking profits. Maybe it's just all in the charts. We need a feasibility study and NPV/NAV to know more. In-situ value of 2Mt NiEq is about $50b at the moment.
This probably isn't a potential multibagger from here and won't be making money for a very long time. In the orphan period of the Lassonde Curve I think. Short term catalyst will be the MRE upgrade and potential major JV partner or straight out takeover.
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