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
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $3.760M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $2.37K | 150K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 845331 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 85357 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 845331 | 0.015 |
4 | 541013 | 0.014 |
2 | 1230000 | 0.013 |
1 | 200000 | 0.012 |
3 | 290000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 85357 | 7 |
0.017 | 344001 | 6 |
0.018 | 1138415 | 2 |
0.019 | 152037 | 1 |
0.020 | 161600 | 1 |
Last trade - 14.13pm 12/09/2024 (20 minute delay) ? |
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