RE:RE:RE:Based on update Ramu resourcesAssuming:
1- Debt paid by the end of 2025 (as you mention)
2- 33,000 T/year nickel (based on prior years).
3- The added mining share between 8.56% and 11.4% pays for taxes (as you are assuming).
4- 3,068 T/year of cobalt at a gross margins of $10 US/lb, and at 8.56% will generate $5.8 M US per year and that should pay for Opex (my assumption).
5- Net margins per lb of nickel = $7.00 US (based on Q1-24).
6- after tax profits = 33,000 x 8.56% x 2,200 lbs/T x $7.00 US (my assumption) = $43.5 M US or $59.3 M CAD (at current c-rate).
7- @ 92M share = $0.65 CAD/share
8- assuming there will be 20 years of mining left at the end of 2025, the net value of the mine could be worth $1.2 Billion CAD at the end of 2025 or $12.90 per share
9- Being a finite resource the share price should be discounted after every year of operation.
10- these assumptions are all optimistic, however it does not include any other potential revenues from Dumont in Qubec, Nyngan in Australia and Turnagain (check Giga Metal) in British Columbia.