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14.3% 2.4¢ nickelx limited

NKL Overview - The Game Changer in Fraser Albany Belt, page-174

  1. Grunta101
    1,383 Posts.
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    27/09/21
    15:51
    Post #: 56379797
    EV is only $7mil so the downside here is bugger all. I think Matt actually said after Fire Dragon they'd move on to Silver (nickel) and Black (gold) Dragon. He did say if they hit sulphides at Fire Dragon they'd keep the rig at Fire Dragon so it would seem they've come up empty handed there. However, with such a small EV and $6.5mil cash they've got PLENTY of opportunities to drill a company changing hole!

    I'm not bothered by minuscule changes in SP because when the music stops, you'd rather be in than out
    NKL Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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