Project valuation17 Jun 2019 22:54
I just notice they are only taking consideration only nickel, ignoring all other metal price and quantity. So technically maybe the asset can bigger unless it not economical to mine the other metals.
Also price at 5 dollar per ton and 150 dollars per ton for 673695 ton giving us 3 million and 100 million valuation. Unless the nickel metal is like low class ferronickle. The valuation per ton is on the low side .
Anyone with better knowledge of nickel, can enlighten me ? I am not right in saying the 150 dollar per ton for nickel is quite low? I’m totally a noob in this field , I only know nickel sulphide is what everyone wants.