Logged in to see CZN have announced additional high grade nickel...

Logged in to see CZN have announced additional high grade nickel copper hits
This now has to become a prime target for Vale's search for feed stock
Easily mineable surface mineralisation with low strip ratios
Low mining costs and a simple truck and treat operation for Vale
The shared capex savings between the parties between plant and exploration would run in the hundreds of $Ms
I would have expected CZN to be above 1 or 2cps based on these results
As I cautioned in earlier posts I would be very cautious of Vale swooping in and taking this
If your shareholders are happy to sell on this news for a 1 pip gain what happens if a 2cps takeover came tomorrow?
Vale would be able to buy 10 or 15 years mine life for a minute CAD$50M
There is talk there are some geochem guys from Vale doing site trips around the area now
I am not sure if it is in their playbook to manipulate stock prices but CZN should have been up substantially today
The lack of buying and movement has some doubting the results
Let me tell you the locals in Lynn Lake are popping the champane and the idea this could seen be producing and sending feed ore to Vale