Discussion with Peter Grandich ! Discussion with Peter Grandich!
We were grateful to hear investor Michael Gentile talk to Peter Grandich about Murchison Minerals. Thanks to Mr. Grandich for allowing us to post this. Some of the highlights from the interview:
Murchison drilled some of the best nickel holes in the world last year
Murchison has 50 targets and a “very, very” high potential for a district-scale nickel project in Quebec – only 7 km away from a railroad.
Michael Gentile says the Government of Qubec is making a huge push to have battery manufacturing in Qubec and to control the supply chain: from nickel all the way to the battery.
In Mr. Gentile’s view, Murchison would receive significant support to move its project along.
Transcript:
Peter Grandich: All right, Michael. $MUR.V [and $MURMF]
Michael Gentile: Murchison [Minerals]. You know, Pete, it’s a nickel name. So we’re kind of going to on some of the other commodities here. They drilled some of the best holes in the world I’m talking about last year for nickel.
They had 130 meter wide interval of 1.4% nickel which for your viewers is the equivalent of three or 4% – 4% plus copper equivalent. 130 meters. I mean, that’s a world class hole. In Qubec. In a great jurisdiction and a very, very large mining potential camp. They have the whole – they control the whole camp. It’s a very, very large district they control.
It’s got about a $20 million market cap. These holes they’re drilling were expansionary holes of that existing resource.
And then they’ve made two new discoveries in the last 12 months. The PYC deposit, the Syrah deposit, and they have 50 targets in this whole camp.
They’ve got 50 targets. The first two they drilled both hit nickel. And so the idea of having a real district kind-of-scale potential here for a nickel project in Qubec, seven kilometers away from a railroad is very, very high.
And the company’s got a $20 million market cap. If you look at Australia, nickel names in Australia are really catching a very strong bid.
A similar name like this in Australia, might have an $80 or $100 million dollar mark cap today. But this is one that that really jumped out at me last year.
I thought it would’ve had a huge market reaction. It’s yet to react so it’s still an opportunity for your viewers. I bought all my shares in between that 10 and 12 cent price. Stock’s at 10 cents.
Peter Grandich: I think if you had to look somewhere in Canada, I would wanna start in Qubec.
Michael Gentile: And on the base metals – for your viewers unaware – the government of Qubec is making a huge push.
They want to have the battery manufacturing capacity in Quebec, so they’re offering huge financial incentives and also huge dollar contributions to projects because they want to control the – from the nickel all the way to the battery.
And so that there’s not a more supportive government, I think, in the world for EV metals than the Quebec government. They’re doing a really good job actually at building the strategy out...