Musings/questions16 Dec 2021 10:05
It's a great start
Nickel seems dominant here - is PGM sold to Japan/Hydrogen and now courting battery tech? Some hints of that in past 2 years e.g. massive dive/ deal on MT in place (from broker), president of chinese bank tweeting deal going well with many countries etc.
Is it battery or ferronickel? Assume battery but demand is for all
Upside is left and the 104.60moz looks like being comfortably exceeded. As it stands this might be a 10th of the total pgm equivalence? I was never clear if the original 40moz was on top though and if it included all the metals or just the PGM.
What do people pay for NPV as a percent or is that built in with the discount rate so as to be a true value? I sort of get it but don't fully. Am a business grad but we never really covered NPV much or net cash flows.
Bit underwhelmed this first one is not complete given the most complete will likely be first (though not for definite). I guess 2/3 were reserves and more work will shore up but reserves would be better than "resource estimates" or a series of.
Tier 1 is always good to hear
BOD doing well but a bit more tier 1 comms might be good. An interview now would help a lot to clear a lot of it up. Most of us are busy on with many things like Xmas planning too.
All heading in right direction at least but can see why fireworks not yet, but great chance to buy in below ii placing price. As all the great news sinks in eventually