HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: The value of an Eagle’s Nest

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

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