Sudbury Saturday Night -- Nickel Mining & Nickel Prices Message Board

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Gold/Mining/Energy : Sudbury Saturday Night -- Nickel Mining & Nickel Prices

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To: LoneClone who wrote (349)	3/14/2007 2:37:12 PM
From: whenitgoesup	Read Replies (2) of 9202

Analysis of ASN - picked up some today at 1.58 They own 90% of the Vietnam deposit... Indicated = 55.5 K tonnes of Ni Inferred. = 31.6 K tonnes of Ni So my Ttl = 87.1 K x 90% = 80 ish K tonnes Ni Now.... 80K x $42K / tonnes for Ni just now.... Then... Value of ASN's resource = $3.4B / 66M shares f.d. $51.40 / share max value...obviously not going to get all out. Not bad for a $1.60 stock... Is my math OK? I like the fact they are NW of Hanoi knocking on the border of China.

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