Post by
Oldschool2022 on Apr 03, 2022 8:33am
Market cap comparison to FPX Nickel
Inomin and FPX both have similar drill results with thickness and shallow depths. Yes they are ahead of us with drilling but we have some catching up to do with our tiny market cap.
FPX has 214 million shares priced at .80= a market cap of $171.2 million. Inomin has 29.2 million shares priced at .395= a market cap of $11.5 million. FPX has 14.88 times the market cap of Inomin. So to have a comparable market cap we would need a share price of $5.87. It’s simple math. $11.5 market cap X 14.88 =$171.2 million. Add in some drill results from Lynx which potentially are better then Beaver. Upside to downside risk here looks appealing.
Comment by
Oldschool2022 on Apr 03, 2022 10:03am
Tomorrow is going to be a big day for Inomin share holders. We won’t be under .50 for long. Weak hands were shook last week. Drilling news would be exciting.