ALB has acheived a new milestone last quater becoming a cashflow positive nickel producer with over $12.7 Million cash in the bank, no debt and a $50 million market cap.
Company also states that an, "Updated Life of Mine study in the final stages of completion ? expectation of very strong NPV and Project Cash Flow results"
So in other words we can look forward to a steady increase in revenue, profit and mine life.
This has some how been running out of the sight of many but after the results from todays quarterly we should start to see alot of new investers hoping on board looking to reap the rewards of the coming weeks, months and years.
A very sound company with a very tight share registry. Top 20 owns 79.37% of total shares on offer.
Good luck!
ALB Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
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