Nordic Mining published interim report for the quarter ended 31 December 2014. You can find it HERE.
The report didn't contain anything new information for me. It was noted that the focus is on Engebo Rutile project and decisions about project permits are expected to "as soon as possible".
If we do quick calculation about company's value and share price alone Engebo basis. The company gives basic facts itself saying :
"Nordic Mining has a Estimated net presented value for the Engebø rutile project of USD 466 million after tax based on a discount rate of 8% and an average rutile price of USD 1,000 per tonne. Based on the outlook for titanium feedstock in general and rutile in the shower, the Estimated project financials indicate a robust project going forward. "
In Nov
Based on that we can make a rough calculation:USD 466 million x 7.7 USD/NOK exchange rate =about 3.5 billion NOK
3.5 billion NOK / 308,504,805 shares = 11.6 per share
Current share price is 1 NOK. Let's hope the mine project will go on:).
Walde
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