A CR will be welcomed if ADD returns decent or better drilling results. We’ll need an infill and step out drilling program to know what size Ni resource we’ve got. It’s necessary to unlock ADD’s MC value. (Assuming good drilling results.
BHP paid $100 million for 17% Kabanga Nickel, making it worth around $650 million US. A CR will only hurt those investors who are looking at short term gains, once again assuming good drilling results.
https://www.miningmx.com/news/base-metals/52484-bhp-concludes-100m-investment-in-kabanga-nickel/
GLTATH.
Ann: Trading Halt, page-17
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Mkt cap ! $5.326M | |||
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