Similar line of thinking to TM's post, only I was being more generous on the CapEx…

Facts:

- Blackbird & Big Thor M&I chromite: $58.4B CAD (based on 2019 USGS report)

- Eagle's Nest M&I (Pt, Pd, Au, Cu, Ni): $9.2B CAD (based on Sept 1, 2021 LME prices)

Total value of known resources in the ground: $67.6B CAD

CapEx: ~$10B CAD (very conservative, high end guess)

Net: $57.6B CAD 

Value per share: $100.71 (563M shares)

And that’s just Eagles Nest, Blackbird, and Big Thor known, proven in the ground resources. Add to that the inferred amounts plus NOT has another 8 deposit sitting waiting for you - more nickel, more chromite, more gold, vanadium, the list goes on…

So, BHP & Wyloo, I’m willing to offer you a once in a lifetime special deal: $7/share, but hurry, this offer expires on Nov 9.

If you want them, come and get them.

Hobbit

(One Ring to rule them All)