Toledo - Cashflow from the world's 3rd largest Nickel Resource

I agree, your instinct tells you 2 pounds, but based on projected forecasts it should be a hell of a lot higher. I sense that the targets next year are realistic given all permits and the demand for nickel. I would expect the true value of TMC to be over five pounds, weather it will happen or not is yet to be seen. It's down to sentiment, yours is pretty conservative, given past precedent I can understand your figure but at some point the sp will catch up to the true worth of the company. I tend to focus on the fundamentals of the company the sp is another story.