Greenstone...has nearly a 50% stake in Excelsior at an average price of 1.00 cdn.
They took a position (their first in the commodity space !!!) after a longtime and exact Due Dilligance (DD).
They saw 1,00 as a fair price at a time where:
- there was no permitting
- no proof of technology
- copper at around 3 usd
NOW:
- fully permitted
- proof of Insitu (producer status will be announced within 14 days !!)
- lot of nickel found on the field :-)
- copper at 3,6 with supply chain problems - many brokers see + 4 usd copper inevitably
The stock is massively undervalued at this point. Should be around 2 cdn if producer status is announced very very soon!
glta