On Feb 12th with S $.62 and Ni $8.45 TD reiterated this: A 10% change in our long-term nickel-price assumption (US$7/lb starting in 2025) affects our NAV-8% by ~39%.
Their NAVPS is $.79 and they discount this I believe by .8
So.... just reminding everyone we are very 'torqued'. It's not linear - parabolic. Recall we gain $40-50 mil per $1 usd / lb Ni gain and $10 usd/lb Co over the course of 12 month average....