RE:RE:s$8.80 was the Ni price used - not $9 - So lots of room for future NAV estimate increases...
thenorthvanman wrote: Probably not but with tech resuming it's meltdown and after the two explosive days we've had it was to be expected. Keep in mind that if one assumes high end of guidance Sherritt is leveraged 48 million CAD per year for Ni and more than 5 million CAD per year for Co for every one dollar increase in those commodities (at today's exchange rate). Recent analysts recommendation was at 9 dollar USD Ni think of the implications if it goes to the teens. Stockpiles keep being drawn down..............