RE:RE:RE:RE:Nickel 28 Files Fiscal Q3 Financial StatementsICNick wrote: I agree with your analysis. I also do not believe nickel prices will go up in 2024. It will start going up aroung 2025 under "a normal economy".
As for the share price i do not know if 18x is the right multiple. Could you share the info with us?
Finally, I hope OPEX will be much less than $10m/year, more around $5m/year as beside G&A costs there is very litttle in terms of marketing, sales and r&d. That is if management pay themselves reasonable packages in line with what the work entails and the industry. Pelham hopefully will have a strong say here.
Thanks Nemesis for the analysis.
Noone with half a brain will pay a PE of 18 for this company. It's a finite ressource. The blue sky/hail marry royalties aside...you can more or less calculate the end of Ramu production and I guess it's not 18 years. Even if it would be 18 years...noone will pay "fair" value.
Imho you can't expect more, than a PE 3-5 here.