Member Info for JoeBass

Personally I believe RY needs to issue this critical document before the AGM. If not I think he will get a hard time from many.
Since it was promised, end of 2017, we have had no formal communications as to this huge delay, other than small inserts in drilling updates.

Also remember, he delayed the DFS until 2019, that's just 5 short months away.

Silly me,,,,,,,,, I have just found it,,,,,,,,,,,,,,,, Thank gawd that idiot julia has now gone.

How on earth do you filter another poster on this bb,,,,,,,,,,,,,,,,, many thanks in advance.

Has descended into a school playground fight, what a complete and utter waste of ones time. You should be ashamed of yourselves.

Hi RedLee,

Thanks for your candid reply.

Actually that's a bit spooky, 22p to 44p for $1billion NPV, 22p all time high 2011 and 44p 2015,,,,,,,,,,,,,,,,

Nolo, correct , so 22p -44p

Hi Steve,

Thanks for that, so being ultra conservative, NPV of $1 billion on that matrix, 25% - 50% should be between 29p - 58p based on 850 mill shares.
Be interesting what Reds view is.

Any thoughts on question 1 ?

Hi RedLee,

Many thanks for your exellent and well presented post, showing NPV of $1.9b, its much apreciated by many if not all.

If you don't mind I have 2 questions I would like to put to you for your opinion, based on your experience.

Question 1,

If the PFS was indeed finished by end of 2017, as some have suggested, then audited and it didnt quite stack up as RY wanted, reason for him delaying so that he could include more extensive data to improve the numbers, could the PFS now just be updated or is a new full audit required ?

Question 2,

Given the known knowns, known unknowns and unknown unknowns, at this juncture, pre production, EV revolution in full swing, nickel sulfate highly sought after. Let's assume the release of the PFS shows numbers and NPV the same as your illustration ( just for argument's sake ) then just based on your experience and your personal opinion, what would you see as a fair and reasonable share price ?

Many thanks for your time.

Hi GB33,

Many thanks, yes I have seen that, this rate of depletion seems to be passing the market, somewhat unnoticed. Or am I missing something ?

Correction ,,,,,,,,,,,,,,
The above scenario has not been taken seriously by the market,,,,,,,,,,,,YET.

Predictive text is a bar steward , and there it goes again.

If, and its a big if, nickel prices stay depressed at these levels, it may induce a reduction of LME inventory by 25k mt per month. Todays level stands at 263,220 mt, that would be just over 10 months supply,,,,,,,,,,,,,,,,,, stranger things have happened in the past.
The above scenario has not been taken serious buy the market,,,,,,,,,,,,YET.

Well it would give currently know in situ value of circa $79 billion,,,,,,,,,WOW, thats scary, :-)

OOOOPS,,,,,NPV.

For those who don't remember, nickel price in 2007 hit just short of $53,000 mt,,,,,,$24/lb............
Now then, RedLee, what would that do to your calc for the NVP ?

https://economictimes.indiatimes.com/markets/commodities/news/are-we-in-for-the-return-of-commodity-supercycle/articleshow/63921325.cms

https://seekingalpha.com/article/4181904-demand-nickel-cobalt-grow-electrification-supercycle

"China’s Ministry of Finance made some minor but significant tweaks to its nickel import tariffs at the start of this year.

The import duty on melting-grade nickel cathode was doubled from 1 percent to 2 percent, while that on nickel sulfate was cut from 5.5 percent to 2 percent."

Link,
https://www.reuters.com/article/us-nickel-evs-ahome/why-electric-vehicles-could-fracture-the-nickel-market-home-idUSKCN1GK2EP

Biffadog, are you for real ?

You can clearly see, he says, his mad guess. Those that have replied, self included, don't agree with that price either. Its a bit of banter, you and those that gave you a thumbs up need to get a sense of humor ffs.

No one knows what sp will be then, so how do you know it's ramping ?

It's a public bb and you have to accept that all views are not as yours.

LOL, Thats better,,,,,,,,,,