Sirius buyout valuation Sirius had almost 400 million share outstanding when it was bought out. Fathom Nickel has roughly 100 million shares so a $2 billion valuation would put FNI up around $20 a share. Anyways that is just pure speculation and it is way too soon to be talking about buyouts. It's safe to say any large nickel deposit similar to Nova Bollinger grading around 2% nickel would be worth billions and FNI's share price would be well north of $10 a share.
@beaglehound @MurrkyWaters...$20+? Sirius went from .05 to $5.00 because of the Nova Bollinger discovery. Assuming Fathom hits something significant, both quality AND size need to be factored in. A SP of .04 to $4.00 would be a 100 bagger if both criteria are met. Factor in that nickel is worth about 2.3x more today than back in 2012 and that 100 bagger construct would (should) be adjusted accordingly. However I'm not sure $20 per share is realistic. Even on a best case scenario. What I really like besides the potential of Gochager is that Fathom still has Albert Lake to fall back on if things don't quite turn out as hoped for with Gochager.
@beaglehound @MurrkyWaters...$20+? Sirius went from .05 to $5.00 because of the Nova Bollinger discovery. Assuming Fathom hits something significant, both quality AND size need to be factored in. A SP of .04 to $4.00 would be a 100 bagger if both criteria are met. Factor in that nickel is worth about 2.3x more today than back in 2012 and that 100 bagger construct would (should) be adjusted accordingly. However I'm not sure $20 per share is realistic. Even on a best case scenario. What I really like besides the potential of Gochager is that Fathom still has Albert Lake to fall back on if things don't quite turn out as hoped for with Gochager.