Post by
CatamaranFund on Jan 25, 2022 2:35pm
Morningstar Jan 24 update on NAM
Morningstar update reported Jan 24, 2022 revises Fair Value to $0.26 Cdn based on last close of $0.10, stating NAM is undervalued at a 61% discount. I am systematically purchasing more at these prices and based on fact that palladium rose over $50 per oz yesterday and again $56 today.
New Age Metals Inc. is a junior mineral exploration and development company. The Company is engaged in the process of acquiring, exploring, and developing platinum group metals (PGMs), precious and base metals mineral properties and green metals lithium. The Company has two divisions, including a Platinum Group Metals division and a Lithium/Rare Element division. The Platinum Group Metals division includes the 100% owned River Valley Project. The River Valley Palladium Project is located approximately 100-kilometer northeast of the City of Sudbury, in northern Ontario. In addition to River Valley, the Company owns 100% of the Genesis PGM-Cu-Ni Project located in Northeastern Chugach Mountains, 75 road miles North of the city of Valdez, Alaska. The Lithium Division focuses on exploring hard rock lithium and various rare elements such as tantalum and rubidium. The Lithium Project includes Lithium One, Lithman East, Lithman West, Lithman North, Lithium Two, and Cat Lake Lithium Project.