Come on Tomboy I dont mind some of your commentary but throwing shade here is a little contrived ...
NC1 is not going to spend 3bil and go into production in 10yrs & maybe go bankrupt.... Rod is an investment banker he is going to sure up the project to a tier 1 bankable asset that a major is going to take over and mine like a Glencore or BHP ... this is not an ANL or QNI... Corps is not a miner ...
BHP is obviously in prime position and with EBITDA of 40Bil & FCF of 25Bil last year - 3Bil is nothing and they will have an asset of commodities needed for the generations in a tier 1 jurisdiction away from the negative press of other colbalt projects and Indonesian issues ....
DEG needs to spend 1Bil for a 14yr life tier 1 asset and hasn't even finalized finances and has a MC of 2Bil ....
This is going to rocket at some point as instos sniff out its potential and then sell it to or in conjunction with a major buy it up or merge it ....
One good thing about being in the desert is there's a lot of sun and with the way miners are moving to renewables it's not as much of a deterrent as it use to be I would suspect....
Obviously huge value here & in the right commodities... just a matter of time and not long at that .... these assets don't come along often and will want to be secured ...
NC1 Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
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