Just as a few points of interest Pioneer Nickel does not have any non-recourse loans and consequently does not contain any derivative risk in it's projects, in fact PIO has no loans whatsoever which keeps things, well, very tidy! The cash burn on average is coming in at approximately A$250K per month which leaves the current cash position a touch under the A$3M mark when JV income taken into account, plenty of cash to see the company through 2008.
Here's the important part in respect of potential shareprice appreciation though - approximately 3000 samples from Golden Ridge (Ni), Balagundi (Cu) and Silver Swan NW (Au) are in the lab at present and it shouldn't be to long before these start trickling through providing us with plenty of newsflow. Obviously if the assays prove encouraging then the stock may well attract the odd investor or two...................fingers crossed.
PIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
