Comparison - ValuationDid a small amount of research
Although it's too early to say this is the next voisey bay, ggl has expended considerable effort to stake an 80 by 20 km tract, and has found some pretty promising grab samples (0.447% Ni, 0.41% Ni). From the wording of the news release it is pretty obvious their geologists, at least, think they have discovered a new nickel belt. They have taken some time to arrive at this conclusion, and did not make this news release frivolously. There has been no drilling yet, so we have no way of knowing if they're right or not. The likelyhood that the news release is false and that they are deliberately misleading us is small (think about it - how often does this happen?).
Inco bought the Voisey Bay assets for $4.5 billion, when nickel was selling for $3-4 / pound. Voisey Bay has about 150 million tonnes of ore and 2.5 million tonnes of nickel. With the price of nickel now at $22, ggl could easily be a $10 billion company if this deposit is as great as their geologists think.
Just trying to put things in perspective