RE:RE:National bankDid not post the numbers but interestingly NB projects them to be net cash in 2023 by 30mm based on 13.75 Ni and 23 Co. Net cash by 280 mm in 2024 with the same assumptions. This would be 0.70/share. And 680 mm in 2025 with 12 Ni and 20 Co which equals to 1.70/share despite depressed levels for NI and Co prices.
While like every analysis there are a lot of moving parts, the main message is the trend. And I like it with conservative price assumptions like this. Lots of upside.
GLTA