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2.9¢ nickelx limited

If they had a $1.1bln asset why did it only cost $120,000?They...

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chartrader

1,866 Posts.

462

30/08/24

14:08

Post #: 75456761
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Originally posted by ProCapitalism: ↑

Well, after a cursory read, this looks like a fantastic project.

The demand for gold is expected to go higher, along with the price. I have spoken about that many times on the NKL threads. The current resource size is 306,000 ounces x $3,700 an ounce gold price = $1.1B.

A $1.1B asset.

The current MC is $2.5M.

Expansion of the resource is a possibility, so the upside here is easy to see.

Uranium is a hot market right now & demand is expected to increase there as well. That could bode well for the uranium assets NKL holds.

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If they had a $1.1bln asset why did it only cost $120,000?

They have nearology, on a very small tenement.....that's all.

NKL Price at posting: 2.3¢ Sentiment: Hold Disclosure: Not Held
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