hello here's why I just bought todayI follow Palladon PLL.v only has 40M tonnes 45% Iron indicated and has 13Mmcap with168M
shares @ .075 and NML.v has 141M shares (far less) @ .58 = $82Mmcap or x6 times bigger in Mcap
terms yet NML.v has x20 times more Iron measured
NML.v is at least three times as cheap in terms of measured ore to market cap value, and PLL.v , I thought was pikey cheap!
ok so there's some hands in the cookie jar
NNK ownership, and
considering TaTa's ownerships
so going forward think should use basic 65-35 discount model for figuring the ownership discount or even 60-40 just to be safe (60% NML vs 40% TataSteel +NNK nations) , just for simplicity sake (please don't nitpick at my data cuz just an estimate but if missing something let me know - and I'm leaving the DSO welfare money out of it all)
if we took 60% of 7B tonnes measured Iron Ore we get about 4200M tonnes vs 40M tonnes at Palladon so this is still TEN TIMES AS MUCH NO MATTER the DISCOUNT premium
Ten times Palladon's market cap ( a stock horribly depressed by recent news of Long Beach port problems ) would mean $13M x 10 = $130M (again I'm only posting this so I can look back one day and see if it was reasonable) and yet NML has $82M market cap = maybe NML can mover up another +$50M in market ca size by April or up another +.35 to put it at about .94/share
and if you goto .94 then you maybe see $1, and then who knows what can happen if you "get noticed"
Corus is Europe's 2nd largest Steel maker being under the TaTa umbrella (23 listed companies), so the deal seems to have some upside potential considering spot price at $99ish and next April negotiations will be $75/ton and see the spot price God knows how far north of that this time next year
all the billions of Chinese & East Indians popping out kids like crazy make growth on the planet inevitable, and no wonder TaTa sees the opportunity here - they are smart - even partnered with BP to create BP-Tata Solar, one of the lowest cost solar makers in the world (see TaTa Power),,, they are educated very well over there that even the snivelling Brits trust their solar butterfly trinkets being made by the dirkha-dirkhs, so now coming the TaTa to Canada to make ready for all the Iron needing to make new buildings & LandRovers, pipelines , bridges , ships etc.
bought this stock at .58 so it will get up to .90s inside of 6 months brings it to cheap levels from disgusting cheap, and then $2 by this time next year when spot prices Iron are well above $100/tonne