RE: "believers" are the bagholders - Ha HaThis stock is a speculation stock, risky, and with risk can come great losses or great rewards. At .70 cents a share I think it's worth the risk to buy shares, for those that can handle speculation stocks. For the nervous investor this might not be the way to go, buy some t-bills make 3% and sleep well, after inflation and taxes you'll be lucky to end up with 1%. Do your own research and weigh up the risk.
Here are a few highlights from the recent news release.
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Nickel in soil samples, detailed airborne geophysical surveys with magnetic and EM anomalies and coincident gossans.
The discovery lies within an extensive belt of rocks previously identified by a mapping project funded by the Geological Survey of Canada and reported as having the potential for hosting magmatic nickel mineralization.
The belt features deep-penetrating faults, sulphur-bearing sediments in the form of black shales and massive sulphides. The various rock units within the belt are strongly deformed and have similarities to lithologic sequences that are known to host world-class nickel deposits.
Will it be a world-class nickel deposit? Still too early to tell, but I’m sure there will be a lot of interest this summer.
JMHO.
Always do you own research.