North American Nickle Message Board

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Gold/Mining/Energy : North American Nickle

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To: DrBill who wrote (192)	6/21/2014 2:17:51 PM
From: ayeyou	Read Replies (1) of 257

DFR was valued at 4.3 bil $ when Nickel was selling at $3800 per ton , today it is $19,000 per ton or 5 times higher. take the 4.3 bil x 5 for a value of 21.5 bil $. That is a discounted value considering the remoteness and lack of infrastructure same as NAN would facing. Still just for the hell of it discount that another 50% for a value of 11 bil $ . That would translate to a share price for NAN of $55.00 per share based on the 200 mil fully diluted we stand at today. This is assuming NAN can prove up some tonnage up there and I am 100% confident that is going to happen. Of course if they pull a monster hole as they drill deeper similar to the 7.5% grade at bottom of hole last season NAN could rival the share price that DFR reached at its hey day. Friedland is right...real wealth in mining is generated by finding something.....this is NANs summer to do just that. Historic Nickel Prices 1993 to Present

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