HIGs takeover not what i expected, but...at current price still a good deal overall (unless Ramu closes down for some reason)
Weighted average Nickel/Cobalt prices 2017 about 50kUS$ per tonne Cobalt and 10k per tonne nickel.
Today: 54.5k US$ per tonne Cobalt and 10.59k US$ per tonne Nickel.
Now assuming they repay HIGs loan and reading HIGs annual FY 2017
it fair to assume we see between 15-20million in FCF from Ramu.
https://hig.irmau.com/site/PDF/1680_0/AnnualReporttoshareholders The annual operating cost/G&A and so on are about 4mm, that leaves room for a dividend as well.
KBLT is highly undervalued.
Voiseys will kick in 2021 as well.