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ASSUMPTIONS (NORMAL ANALYSIS)
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PRICEScenario 1Scenario 2Scenario 3
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Nickel Price $ 30.00 $ 35.00 $ 40.00
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Contract Price $ 75,000 $ 87,500.00 $ 100,000.00
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PRODUCTION
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Nickel Production (Contract)2,500
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Average project production Y1-5 (tonn)2,700
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Average project production LOM (tonn)2,700
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PRODUCTION COST
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Average Cost per tonn year 1-5 $ 10,800
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Average Project Cost $ 10,817
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Year
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0 -
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1 $ 15,000
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2 $ 9,800
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3 $ 9,200
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4 $ 10,000
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5 $ 10,000
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6 $ 12,000
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7 $ 9,800
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8 $ 11,500
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9 $ 10,050
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10 -
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Share price (as at 31/12/2022) $ 0.12
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Total outstanding Shares $ 427,106,273.00
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Market Cap $ 261,200,000.00
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Other Analysis
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LOM 10 Years
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Production increase from Y1-10 6%
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Required rate of return5%
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Contract price $ 60,000
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AISC Cost from Y10-Y12 $ 10,817
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Tax15%
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Rehabilitation and Restoration $ 658,000
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Provision $ 782,800
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Contract production (increase 6%) from Y1-Y10 $ 2,650.00
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DEPRECIATION (normal analysis) (based on data of 2022)
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Property, plant, and equipment $ 25,589,720
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Right of use asset $ 32,776,800
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Y2023Y2024Y2025Y2026Y2027Y2028Y2029Y2030Y2031Y2032
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Total cost $ 58,366,520 $ 58,366,520 $ 58,366,520 $ 58,366,520 $ 58,366,520 $ 58,366,520 $ 58,366,520 $ 58,366,520 $ 58,366,520 $ -
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Salvage value
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Total estimated production unit $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 $ 24,300 -
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Depreciation per unit (UOA) $ 2,402 $ 2,402 $ 2,402 $ 2,402 $ 2,402 $ 2,402 $ 2,402 $ 2,402 $ 2,402 $ -
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