NI lots to appreciate: Potential takeover?11,000 tonnes per year nickel production at Minago, is 24.2M pounds x cost of 1.89 [w] current spot of 10.81 Victory Nickel is looking at [approx] 193M dollars of earnings
https://www.victorynickel.ca/projects/minago/
and as somebody already mentioned - there is also the sand frac aspect to factor in, plus the other nickel projects, and along with their Prophecy Coal & Wallbridge Mining holdings ........ 0.095 seems silly cheap!
GLTA
Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Quebec, and by evaluating opportunities to expand its nickel asset base.
Victory Nickel also owns approximately 9.9% of the shares of Prophecy Resource Corp. (TSX VENTURE:PCY)
and approximately 5% of the shares of Wallbridge Mining Company Limited (TSX:WM), the third largest landholder in the Sudbury Basin, which in turn owns approximately 12.9% of Duluth Metals Limited.