Given the recent developments and price action, NickelSearch (NIS) is poised for a breakout and upward momentum. In the spirit of centralizing valuable contributions, it's time for a general discussion thread. I'll start with ten reasons why NickelSearch (NIS) could be considered a promising investment/punt:
- Diverse Resource Base: NIS holds a significant 27MT Nickel JORC resource, indicating a strong base in nickel resources.
- Lithium Potential: Recent findings of high-grade lithium boulders/rocks grading over 5% Li and the presence of lithium in soil samples enhance the company's potential in the lithium market.
- Proximity to Major Operations: The proximity of NIS's operations to Allkem's Mt Catlin Lithium plant (less than 10 kms away) and First Quantum's Nickel plant (less than 5 kms) suggests logistical advantages and potential synergies.
- Strategic Location: NIS is situated in Australia, WA, a region known for its rich mineral deposits and supportive mining infrastructure.
- Experienced Management: With Nicole Duncan, an ex-BHP and South 32 executive, at the helm, the company benefits from seasoned leadership.
- Collaboration with Industry Leaders: The Non-Disclosure Agreement (NDA) signed with Allkem, a major player in the mining industry, and the technical assistance provided by Allkem, underscores industry recognition and support.
- Extensive Exploration Activities: NIS is actively engaged in exploration, including sampling, mapping, and rock chip collecting, indicating a commitment to expanding its resource base.
- Historical Data Reassessment: The re-assaying of 140kms of historical drilling for lithium suggests a methodical approach to leveraging existing data for new opportunities.
- Infrastructure Advantage: The presence of excellent infrastructure, including road, rail, and port access, particularly the proximity to Esperance Port, enhances operational efficiency.
- Financial Position: With a market capitalization of only $21 million and $3 million in cash, along with the possibility of an additional $1.1 million influx, NIS presents a potentially undervalued investment opportunity in the resources sector.
DYOR & GLTAH
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Last
2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $4.270M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.9¢ | $25.36K | 1.268M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49785 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 96979 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49785 | 0.020 |
2 | 199388 | 0.019 |
3 | 450430 | 0.018 |
7 | 309996 | 0.017 |
7 | 940410 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 96979 | 1 |
0.022 | 250000 | 1 |
0.023 | 76848 | 3 |
0.024 | 168181 | 1 |
0.025 | 332143 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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