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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (200984)7/18/2011 10:17:53 AM
From: Cal Gary  Read Replies (1) of 313053
 
Over the weekend, looking at only the indicated values from the NR and using the kitcorockcalc, I get $328/ton for 14mm in indicated resources.

That means a "spot / retail" $2.5 billion figure insitu.

Applying a 40% discount, I get $1.5 billion insitu value
So i'm with you.

You realize, your 1.5 billion reconciles to a $25.85 per NKL share.

At 2.5 billion, that's 42.80 per NKL share.
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