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Using our age old basic formula for calculating NPV against that $24.16 billion, I arrive at a NPV of circa $1.2 billion or £957 million divided by 718 million shares, that's £1.33 per share.
Right now, fair value should be 25% of that, so 33p would be about right.
Also during that last month, 22,000 tonnes of class 1 nickel have left the LME warehouse.
It's about time RY updated his long suffering shareholders.
From 19th June to 19th July, nickel price has risen $3,235, that's increased our inground asset value by, $5.17 billion. Now standing @ $24.16 billion and that's before 2018 upgrade.
I don't need to tell you what's happened to the share price over the same period.
Not sure if there's another stock out there, where the disconnect between asset value and company value is so staggering , if so, who?
I did the Thorong La pass in the Himalayas many years ago. Wonderful experience. Nepal is a fantastic country and the people exceptional. They have nothing but what they have they'll share. Humanity at its best.
Our present full smelter option delivers an NPV of 1 billion = circa 60p per share
I believe the 2018 results to be extremely good and the delay is because they have a material impact on the mine plan.
As for 2 billion, it was from a few scenarios I plugged into the NPV model that I developed.
intenebris, next time I see you I'll show you a picture of me standing on top of a hill ... yes, I said a hill called Kala Patar ... at 18,600 ft, with the summit of Everest, just six miles away, over my left shoulder.
Best holiday I have ever had.
Keep going. You're only making more of a fool of yourself.
No pal it was YOU who selected it lol... you even called me out twice on it so I decided to answer...
"Now try redoing it on a 2 billion NPV (which I think the 2018 results will take us towards)"
how are you dreaming up NPV from $600m to $2000m? Its just what you *think* isnt it.
Just like the £1 share price you *Dreamed* up...
When I post the actual facts, you dont like it, you reference something non existent...
Anyway, Why has Robin delayed the drill results for soo long? Perhaps they are not as good as people hoped.
Yet again, selectively choosing information.
Now try redoing it on a 2 billion NPV (which I think the 2018 results will take us towards)
Basically AP, once again you and your mate have embarrassed yourself tonight. I'd call it a day.
noloss, I never said I agreed with £700m OR £245m... Im just point out how massively inconsistent CrazyTowners figures are...
You playing your selective semantics again, you cheeky boy you.
Long way from your 3P whichever it is. Must try harder.
Crazynutter, I saw your 50% calculation, I just didnt feel need to reply.
But as youve now referenced it twice since the O.P, il answer,
You say you think AMC is worth £1 which = £700 million?
But if we use your 50% NPV calculation, it doesnt come anywhere near it...
AMC NPV post-tax at 10% discount rate of $614.5 million using a long-term nickel price of $8.00 per pound
Therefore $614m, so now lets take your 50% of that which = $307m.
As its dollars lets exchange that to GBP = £245m.
So what is it CrazyTowner? £700m or £245m?a big difference matey.
You really are a muppet.
I certainly didn't pull numbers out of the air.... I used your example but based it on the much more stable basis of NPV.
Don't blame me that you are stupid enough to have completely missed the takeover price was 50% of NPV in your own example.
Your not worth my time AP, that's why you get the response you get.
Once a tool always a tool.
hahaha, noloss is back playing the semantics.
When it suits you - semantics, when it doesnt - "I dont have to answer your questions"
BTW noloss, I recall for years you used to comment on 2 shares, AMC and FRR.
What happened to Frontera? It was suspended wasnt it?
Better hope that doesnt happen to AMC ay.
That's the point I didn't ask YOU. You feel the need to come on and try and convince though.
I wonder why?!
That's it from me tonight. Once a tool always a tool.
Crazytowner, it was noloss who asked me to provide what I thought the sp would be should an offer come in, so dont forget that part...
Anyhow I did more than just answer, I gave a rational answer backed by other takeovers.
You and him on the other hand pulled irrational numbers out of thin air.
Today AMC sp 1.8p valuing it at £13m, a LONG way off from sp £1 worth £700m.
How do you know that I haven't sold and bought along the way?
noloss, "Also what makes you think I'm underwater?"
I already answered that - The current shareprice has not been this low in 10 years...
In addition to that, you disclosed some of your buys not too long ago, above the current share price...
I think we should leave Mr Know It All to talk to himself. ;)
That doesn't answer the question.
Also what makes you think I'm underwater?
AP / Schachmeister
Love the fact that you completely ignored the whole NPV element of my post, yet you wonder why Noloss couldn't be bothered to discuss further with you.
noloss, "Why are you here then FFS?"
The current shareprice has not been this low in 10 years, therefore its highly likely that EVERY AMC SHAREHOLDER here - including youself - is currently underwater.
The damage has already been done. What do you want me to do?
Latest today news thanks to my russian friends for sending this to me. I know my russian friends reading sometimes on advfn so thank you18 July 2019, 19:15 | Region today | The course for diversification: How is the mining industry changing in the FEFD Experts state: gold will long dominate in the mining of precious and non-ferrous metals in the Far East of Russia. Reasons: favorable price, short project implementation time, the ability to quickly get a financial result without investing in deep processing and searching for a sales market. Tin and tungsten also allow the region to lead in the country, but the potential of the industry is much wider. It is today that serious changes start in it, opening up unoccupied niches, attracting new players.FIRST MENTION ABOUT AMC!!!A representative of the government of the Amur Region, Sergei MAHA, states: "The mining of iron-titanium ores is temporarily suspended in our region due to the extremely unfavorable situation in world prices. Nevertheless, we are not standing on the spot, and in the future a mine will appear in the region at the Kun Manye copper-nickel deposit.SECOND MENTION ABOUT AMCThe Kun-Manyye copper-nickel deposit, large in reserves, in the Amur Region, as well as the porphyry copper deposit with Peschanka gold in Chukotka, and the Malmyzhskoye deposit, unique in reserves in the Khabarovsk Territory, and leading in gold-porphyry with gold, the leading researcher of the Institute of Mining of the Far East Branch of the Russian Academy of Sciences Viktor KRYUKOV calls the truly serious additions of recent years in the DFO. And long-awaited. In the Soviet period, exploration was not spared, providing a front for work for subsequent mining, but this sphere collapsed in the 90s. Mining companies actively mastered all that was studied, explored and executed in accordance with the standards of the Soviet era. However, sitting on the old pillow could not last long. In the two thousandth, experts began to say that for the further development of the industry it is necessary to invest in geological exploration - and today investments are made from various sources.