OTCPK:NNDIF - Post by User
Comment by
ZincDink1on Nov 08, 2019 12:23pm
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Post# 30327991
RE:Further Appreciation on Analyst Recommendation
RE:Further Appreciation on Analyst RecommendationDon't use book value as the previous CFO aggressively wrote down the asset based on concern of availability of concentrate. We know that is currently bull shirt, yet we haven''t seen them increase this.
If you were to build a plant greenfield like this, it would cost more than 1 B$. Minimum fair value (and I use this term lightly) is 500 M$.
You can sell in the 2.7 range, but this plant is worth far more than that.
If Glencore didn't have its 30 % share, I am sure we would receive outside interest in buying it. Don't think it will happen soon though, Glencore wants to use another 50 M$ or so to upgrade the plant to their liking before offering us the handsome price of...whatever, way below what its worth.