RE:RE:Crawford Mentioned in InsideEVs Article Sed: I appreciate your price predictions but wondering what they are based on? As you probably know, price per shar prediction is difficult as shares are often diluted to fund capital expenditures in order to develop the project.
If you put numbers to the resource we are dealing with, you get huge potential value.
Here is what we know from August 20 investor deck:
Resource is 1.5MT proven in the ground with upside of 0.7MT (2.2MT total Ni).
Price of Ni has fluctuated between $10kUSD/T to as high as $30kUSD/T in the past 10 years.
Cost of getting this material out of the ground is likely somewhere around $8-10kUSD/T. This is with a functioning mine (I am thinking we would need in excess of $1-2B to get a fully functioning mine up and going (this is my WAG (wild-a$$ guess).
So value of the material in the ground (including cost to get it out of the ground) would be:
Low: $10.5BUSD (using 1.5MT x ($15k/ton price - 8k$/ton processing))
High: $48.5BUSD (2.2MT x ($30k/ton price - $8k/ton processing))
How this works into share price is anyone's guess but to the value investor, the current market cap is peanuts compared to potential upside. The long-game will all be about proving resources and raising capital to put equipment on the ground.
All IMHO