Nickel 28 Capital Corp V.NKL

Let's do the CF bill for Q3 2022.

[urai58]

The following parameters:

 

- 13.676kt Ni sold

- Cash cost $4.34/lb

- Realized price: 10.01$/lb

- Net: $5.67/lb

 

Invoice CF: 5.67 x 2205 x 13.676kt = 171m$ cash flow for Ramu Mine.

 

Share of Nickel 28 at 8.56%: 14.64m USD (only for the 3rd quarter of 2022!). Current MK about 50m USD.

 

For YTD (9 months): Nickel 28 share 8.56% equivalent to USD 38.7m. $13.5m FCF and $25.2m Repayment Capex Debt. MK still 50m USD.

 

(Formula: $11.64 minus $2.96) x 2205 x 23.6kt = $452m, of which 8.56%)

 

urai58

[Talchior]

you are always so fast! Thanks for the figures. Yes, they start to sell the stock. Good news. A pity was not done at 20$ ;). I guess will be a positive signal for the market.

[Michiel]

thx Urai58. But what is 2205 in your calculation?

[Talchior]

it's the conversion from ton to pound.

[Michiel]

thx !!!! It s good to see that there will be, again, a large debt repayment. The goal the management made to be debt free at the end of next year is more and more likely.

[Michiel]

so when the debt is gone The figures would be : Q3 : 11,8% of 171m$ = $20,18m cashflow And for YTD (q1/q2/q3) : 11,8 % of 452m$ = $53,33m Cashflow. So the estimation made by the management to receive $64m CF a year, once the debt is gone, is correct. That s around $0.70/ share !!! ($64m versus 91m shares) So 1 year remaining.......

[Talchior]

and only for Ramu. Other projects are ongoing.

[Michiel]

the question is then: what will the management do, every year, with all that cash???

[ICNick]

Hopefully they will do a mix of continued investments and solid dividends. Once the ball start rolling with, hopefully Turnagain, Dumont and possibly others, people should look at NKL as a solid little company providing value for shareholders. How much dividends? IMO, 10% of the value of the stock the first year.