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
3.1¢ |
Change
-0.004(11.4%) |
Mkt cap ! $6.62M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.7¢ | $62.43K | 2.095M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 784101 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 154999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 784101 | 0.027 |
3 | 305384 | 0.026 |
2 | 265000 | 0.025 |
3 | 346000 | 0.024 |
1 | 159000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 154999 | 2 |
0.033 | 250000 | 1 |
0.034 | 272258 | 4 |
0.035 | 456750 | 2 |
0.036 | 43753 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
2.8¢ |
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Change
-0.004 ( 20.0 %) |
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Open | High | Low | Volume | ||
3.1¢ | 3.1¢ | 2.8¢ | 442761 | ||
Last updated 13.11pm 24/05/2024 ? |
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NIS (ASX) Chart |