Canada's MLX equivalent jumps 47%.
Maybe Aus MLX next.
RNC Minerals (TSX:RNX), a resource junior, jumped after announcing that it is advancing its Dumont Nickel-Cobalt Project to a construction decision
Sean Mason| January 15, 2018 | SmallCapPower
A pending nickel-cobalt construction decision prompted buying of the shares of a resource junior Monday. Here’s some small stocks making big moves on Monday, January 15, 2018 (as of 4 pm EST): RNC Minerals (TSX:RNX) shares powered 47% higher to $0.25 on Monday after the resource junior announced that it expects to undertake a series of initiatives during 2018 to position the Company to make a decision to begin construction of the Dumont Nickel-Cobalt Project in 2019. The Dumont project, located in Quebec, has proven and probable reserves consisting of 1.18 billion tonnes of ore containing 3.15 million tonnes of nickel (6.9 billion pounds) and 126,000 tonnes (278 million pounds) of cobalt.
MLX Price at posting:
$1.19 Sentiment: Buy Disclosure: Held
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RNC Minerals (TSX:RNX) shares powered 47% higher to $0.25 on Monday after the resource junior announced that it expects to undertake a series of initiatives during 2018 to position the Company to make a decision to begin construction of the Dumont Nickel-Cobalt Project in 2019. The Dumont project, located in Quebec, has proven and probable reserves consisting of 1.18 billion tonnes of ore containing 3.15 million tonnes of nickel (6.9 billion pounds) and 126,000 tonnes (278 million pounds) of cobalt.
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