WangoTango what is your hunch then?You seem to be very knowledgeable about the Nickel Shaw project. I am sure you believe (as we all do) that the current market cap is grossly undervalued versus its true intrinsic value.
I look at the value in a rather "back of the envelope" calculation sort of way. The NPV from the PFS is coming in at about $107 million USD. Knocking off 50% (no suitor ever pays 100%) brings us down to about $54mm USD. Dividing that number by shares oustanding and you arrive at about 12 cents USD or ten times current trading values. Do you see us achieving a price anywhere near $1 (or 20% of it's all-time highs from 2011)?
I think if the PGMs take off (and I believe they will in due order) we can easily see $1 in the right environment. I propose that 10 cents is the absolute baseline for the bottom range of fair value. What would you say?
Anyone who understands the metals market would have to agree that we are currently at a more or less risk-free entry point right now.