NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Message: The nickel alone

I noticed some errors in my previous comparison with the Voisey’s Bay buyout, so here are the corrections…


Eagles Nest has proven and probable 11.131M tonnes at 1.1% 1.68% Ni or 121441 187000 tonnes of Ni (plus another 8.966M tonnes at 1.1% inferred). 

On Sept 1, 2021, Ni was $20426.5/tonne. So, leaving out the Inferred Ni, the known value of the nickel is $2.5B$3.82B, or $7.64/share - that’s just the nickel in Eagles Nest.


Add in the Cu, Pd, Pt and Au and Eagles Nest alone is easily worth double that. And then there's Blue Jay (more nickel, etc), Blackbird, Black Thor, etc and all the chromite...


I know I’m preaching to the converted here, but that's all real US dollars, multiply by 1.27 and that nickel alone is worth ~$10CAD/share.


So why are BHP, Wyloo and the BOD talking about pennies? Can’t they do simple math, or do they just think we're stupid?



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