Hi Lemons321, this is a really interesting situation. An illiquid stock with few shares and a monster project. The project "looks" stranded because of the location - sorted via new road @ $1.2B for BHP (so likely to go ahead) AND in the hands of a micro-cap. This presentation directly lays out what the directors have been buying $millions worth of shares. The market is currently blind to this opportunity.
I have written up this stock in newsletter no.462 this week. Non-clay laterite, no dig, simple metallurgy, light strip ratio and scale to the moon - biggest in Australia. Ni shortage by 2027 looks interesting too. I could add so much more but for how many people? The market will wake up suddenly if a JV is inked that will leave NC1 shareholders with a nice slice of 2,000,000Mt (metric tonnes) of Ni and over 130kt of cobalt. No wonder three directors part underwriting the cap raise when the market has missed this, and the contained value in this project.
Peter Cook renowned for inking deals and the other Directors all worthy of DD and respect. What a fantastic presentation! DYOR CW
NC1 Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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