From the Hobbit - O YAYA !!!!! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Last week I updated the calculation of the value of the nickel in Eagle’s Nest. Here’s the full value of everything in Eagle’s Nest, based on the National Instrument 43-101 Technical Report, and metals prices on the LME on Sept 1, 2021:
Eagle’s Nest volume: 11,131,000 tones
| Metal | Content | Total | LME price | Value |
| Platinum | 0.89 g/t | 318509 oz | $954/oz | $304M |
| Palladium | 3.49 g/t | 1248995 oz | $2138/oz | $2.67B |
| Gold | 0.3 g/t | 107363 oz | $1793/oz | $193M |
| Copper | 0.87% | 96839 tones | $9640/t | $934M |
| Nickel | 1.68% | 187000 tonnes | $20426/t | $3.82B |
Total value of Eagle’s Nest: $7.92B
Value per share: US$15.84 or $20.12 CAD. (500M shares)
Again, that’s just the value of Eagle’s Nest that NOT owns 100%. It doesn’t include Blue Jay, or all the chromite in Blackbird, Big Daddy, Black Thor, etc…
Mr Henry and Mr Forrest if you met me on the street, do you seriously think I would sell you something worth significantly more than $20 for less than $1? NOT!
and don't forget the inferred portion that takes the size up to 20 M tonnes.
Hobbit