$1.8 Billion In-Situ Near Surface Nickel Mel Property AloneCurrent Nickel Price $17.32 US / lb (extremely volitile price lately)
100%-owned, Mel offers production potential and exploration upside with 4.3 million tonnes of M&I resources grading 0.875% nickel for 83 million pounds of near-surface in-situ nickel.
17.32 x 1.27 = $21.99 / lb CDN
21.88 x 83,000,000 = $1,825,000,000
Value of in-situ nickel based on above NI 43-101