most of the equity analsyts have 70-90c on MCR
http://www.google.com.au/url?sa=t&r...0nky0-9gveioWIDsgpih--A&bvm=bv.93112503,d.dGY
they ASSUME ....2-4 year mine life, min value for expl dirt, 16-18k/T Ni price .....
you will have to make a decision on:
1. will MCR replace production from its infill drilling campaigns (y/n) ?
2. will cassini / voice become "large enough" to justify developing a new mine (y/n)?
3. If yes to above - what is the cost, and what is the PV (remembering they are likely to get 82-85% of payable, rather than 65% as is he case with current operating mines)
4. is there additional value in "resources" (durkin etc) ? and if so - what is "reasonable value"
5. is there other areas within the exploration portfolio that have nickel potential (y/n), and if yes - how does one value (look at other listed explorers with dirt on the Dome!)
6. where do you "think" the nickel price is going ......and time frame ........all of the above "could be correct" .......but the market wont care if the nickel price was ,say, US$12k/T .....
7. FX effects !!!!!!!!!!!!!!!!!!!!!!!!!!!!
kind regards
V_H
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