Since the failed attempt BHP made to buyout OZL and their claims at wanting to get more Nickel projects on the go, I have had a sneaking suspicion that once out PFS update is out they could potentially look at acquiring NC1.
MLX demerging the Wingellia into NC1, Rod buying truck loads at market prices above $1, only having a 90M SOI.
These points have made me think NC1 was just setup as a shell to make coin for those bigger holders, I couldn't see NC1 or MLX having gotten this project to the mining stages.
A 90M SOI is pocket change for the big companies even at a $1 buy out price for a project that can bring them big profits as the demand for battery metals continues to grow further pushing up the prices of these metals.
I am hoping we see some good numbers in this PFS and it brings attention back to NC1 as the antics of Rods pre tax trading definitely put a damper on sentiment towards us.
NC1 Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
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