Nautilus Minerals NUSMF (NUSMF)

[robert-1]

The time is not yet

The PEA models first production starting Q3 2019, and also shows that the Project has a high fixed cost component (~52%), largely vessel related, and is highly leveraged to metal grade, metal prices, equipment utilization and production rates.Possible start up at Q3 of 2019 plus a ramp up time of---15 month ramp up to steady state production (~3,200 t/mth) MEANS full production is at best Q4 2020. 2 and a half years away. TOO LONG to hold. Will come back later , closer to where ramp up will be able to start to pay for the project. With so many shares out, close to a billion and much more money needed to finish I think it is highly possible for a reverse split diluting the stock within the next 2 and a half years. Time to leave and wait for a better entry point. From latest financial statements(this tells us what the stock should be worth.)---The weighted average fair value of the options granted was C$0.09 in 2016. No options were granted in 2017.