RE: NPV $1.19b does not = 32p extra market value16 Dec 2021 13:25
Exactly RedPanda, it's still adding significant value with each JORC and relevant NPV that lands. That's just for an underground part of NKT, there's still the open pit stuff to come on that area by the look of things, then, we have the rest of the Monchegorsk District to start coming in with their each individual JORC and NPV figures.
No matter which way you look at it, even being highly conservative, there is only vast amounts of value to be added here in the short term. Each JORC etc that lands adds more value, these projects are ready to go straight into production -
Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are jubilant to complete an important milestone of our first of a series of JORC mineral resource estimates, that the WAI team has been working on since April this year. We are delighted that a relaunch of the NKT nickel-dominant mine generates a significant NPV of $1.2-1.7bn under various price scenarios. Furthermore, the identification of an open pit part as well as near-surface high-grade veins of the NKT area represent further upsides. We continue to observe significant interest in nickel dominant mines, especially in the ones closer to production like the NKT brownfield relaunch".
And it's actually a variable NPV $1.2B is the low end, take a mid point to be fair?
The JORC series, coming to a screen near you 'shortly' -
"first of a series of JORC mineral resource estimates"
Episode one, NKT underground!
Koka Kola's all round!
GLA
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