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NickelX Expands Portfolio with Strategic Acquisition in WA’s...

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ProCapitalism

4,857 Posts.

1663

04/09/24

16:51

Post #: 75528974
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Originally posted by ProCapitalism: ↑

Look at what Pete has to say about the project.

The way I see it, Ramelius (a $2.5B company) owns the Penny North mine just over the fence. If NKL can get some deeper drill holes completed & prove up the resource, there are three options available to shareholders.

1. Go it alone & develop a gold mine in direct competition with RMS, a $2.5B company.
2. NKL could approach RMS to undertake a JV for the project, so costs are shared.
3. RMS could buyout NKL itself or the project.

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NickelX Expands Portfolio with Strategic Acquisition in WA’s High-Grade Gold District (skrillnetwork.com)

Couple those statements with a Director buying on-market.

NICKELX LIMITED (ASX:NKL) - Ann: Change of Director's Interest Notice, 75524340, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Make of it what you will.

NKL Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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