Nickel 28 Capital Corp V.NKL

Chart

[Michiel]

Did someone noticed the chart . Technically it looks very promissing. The 25days average line already crossed the 50 upwards. If the share price stays on these levels, the 25 average will also cross the 100 average line upwards. This is very very very good. Looks like all the reports I read last year about the estimated shares price (from 1$50 to 3 $) will come true! This one will make me happy this year :-)

[Chizkiyahu]

I think the share price will be around $15 in few years. I saw many articles about EV weekly. EV is high demand in future. We are perfect time to grab the shares before too late. I collected more shares recently. Cheers!

[Michiel]

@chizkiyahu I think you are a little bit toooooo optimistic :-) But.....you never know. If everybody jumps in EV related shares.....

[Chizkiyahu]

If nickel price climbs yearly then $15 is possible. ;)

[urai58]

I have time; so let's do a little calculation as to whether this is theoretically possible at all.   The following parameters:   - 15 CAD / share - 90m shares - PE 8 = 15x90 / 8 = 170m CAD profit p.a., respectively 135m USD ($)   - Additional royalties (Dumont and Turnagain): $ 20m   - Net $ 115m$   - Cobalt (price increased) fully covers OPEX

[Michiel]

@urai58. Interesting calculation. I am already happy with 7.50 CAD .

[Chizkiyahu]

Urai58, Good calculation. I expected $15 will not happen this year or next year. Remember in 2007, the public was not aware of EV. Right now, EV is hot demand and I expected CONXF will fly up quicker in few years.  I think it will go up to $2.5 to $3 this year if shares outstanding remains same. Or if shares outstanding expands then we're in trouble.  Cheers!

[Michiel]

@urai58 Why should the outstanding shares expand? Ok,they will expand a little bit because of the option plan. But the buyback will correct this. I see no other reason why the outstanding shares could expand. If they want to payback the Ramu debt quicker, they will do that with a loan.