Last week I updated the calculation of the value of the nickel in Eagle’s Nest. Here’s the full value of everything in Eagle’s Nest, based on the National Instrument 43-101 Technical Report, and metals prices on the LME on Sept 1, 2021:
Eagle’s Nest volume: 11,131,000 tones
Metal
|
Content
|
Total
|
LME price
|
Value
|
Platinum
|
0.89 g/t
|
318509 oz
|
$954/oz
|
$304M
|
Palladium
|
3.49 g/t
|
1248995 oz
|
$2138/oz
|
$2.67B
|
Gold
|
0.3 g/t
|
107363 oz
|
$1793/oz
|
$193M
|
Copper
|
0.87%
|
96839 tones
|
$9640/t
|
$934M
|
Nickel
|
1.68%
|
187000 tonnes
|
$20426/t
|
$3.82B
|
Total value of Eagle’s Nest: $7.92B
Value per share: US$15.84 or $20.12 CAD. (500M shares)
Again, that’s just the value of Eagle’s Nest that NOT owns 100%. It doesn’t include Blue Jay, or all the chromite in Blackbird, Big Daddy, Black Thor, etc…
Mr Henry and Mr Forrest if you met me on the street, do you seriously think I would sell you something worth significantly more than $20 for less than $1? NOT!
Hobbit