Billion dollar Potential - Battery Grade Nickel Sulphide, page-2

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monquay

218 Posts.

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29/04/21

09:16

Post #: 52800880
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Originally posted by Virux: ↑

Gents,

This company really excites me, reasons why as follows:

Nickel Sulphide
Kabanga Jirani Nickel Project a portfolio = 1,120km2 surrounding and proximal to the world class Kabanga Nickel Deposit (58Mt @ 2.62% Ni) and located along the KaragweAnkolean belt in Tanzania.
Ultramafic intrusion hosting disseminated sulphides discovered at Kabanga NE (20/04)
Similar EM signature to Kabanga Nickel Deposit
Similar magnetic signature to Kabanga Nickel Deposit
Drilling June 2021
Region
President Magufuli won second 5-year term with new Cabinet appointed, pledges to remove investment hurdles, and invite foreign investment in mining
Barrick’s recent progress affirms pro-mining climate:
- Twiga Minerals paying dividend of US$250M; and
- expeditious granting of 10 exploration licence
Kabanga Nickel (Adjacent project) signs recent Framework Agreement with government which:
- secures foreign investment of US$664M; and includes
- the granting of a Special Mining Licence,
- associated infrastructure; and
- the commitment of a Class 1 Nickel refinery

Uranium (Blue Sky Potential)
Adavale also holds three exploration licences within part of the highly prospective sedimentary uranium province within the northern part of the Lake Frome Embayment.

Management, New-flow, Cash
Management have proven track record
They aren't getting paid in Cash, they're happy with shares (Skin in the game)
9 Month turnaround so far has been incredible
Cash conservation with drilling - I haven't seen a quarterly like this in a long time (cash preservation vs work done)
As at March 2021 Quarterly they hace 4.6quarters of cash left
Top 20 - 40% (and Tight register <$20m Market Cap)
Nil Debt

Target - Pre Drilling >10c On Strike >40c

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Great post, however there needs to be an amendment your 'Region' section; President Magafuli passed away earlier in the year, however, his successor, the Ex-VP and now President, Samia Hassan, appears to be even more driven to remove the barriers stalling foreign investment in Tanzania, as well as easing the process for existing companies to progress exploration/ mining activites (google: "Tanzania: Mining Industry Welcomes President's Recent Directive")

Another noteworthy item is the 6c options, where ADD may at its discretion give notice and demand option holders exercise their options upon ADD reaching a 10 day VWAP above $0.12, which must occur within seven (7) days of receipt of said notice. Potential to ADD another $million to the accounts. (see announcements from 11th Dec 2020)
Last edited by monquay: 29/04/21

ADD Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
8 Upvote

1 Great analysis

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