Post by
RatPatrol on Mar 28, 2024 12:12pm
What's Wrong With This Picture?
1) Dundee owns 33M shares or 20% of NICU and 25M shares or 20% of SPC.
2) Both companies are quite likely drilling out different parts of the same deposit (Crean Hill).
At a minimum, the mines will open up "down the street" from each other.
3) Both companies are reporting similar-sized reserves (20-25M tonnes) of comparable nickel equivalent grades.
The DIFFERENCES between SPC and NICU include
a) NICU is a bit more advanced in its plans and
b) SPC owns that enormous "virgin" nickel deposit in Nunivat called Muskox.
BUT LET'S RETURN TO THE MESSAGE.......
THE MARKET CAP OF NICU IS .................$100 million.
THE MARKET CAP OF SPC IS....................$8 million ???????????????
JMHO DYODD
Comment by
sandro74 on Mar 30, 2024 11:35am
You're absolutely right! Ridiculous SPC MC for the moment but that will change soon I have no doubt. Management is strong here. Look at the Magna-Vale deal last week. Things are happening in Sudbury, and SPC with their strategic WG propetry, will be there soon too in my opinion. They plan to drill the LKE deposit this spring. We should have news soon!