OTCPK:NOSOF - Post by User
Post by
JGavinon Feb 01, 2011 2:00pm
240 Views
Post# 18056435
Nickel
NickelNickel up another 26 cents today. In the past 2 months almost 1.50 increase in value. This has added 660 million to the price of assets in the ground. Commodities are breaking out everywhere. Think what these assets are worth in a rising market..Did you know at 2 % Cu., 44 lbs. /ton, $4/lb, and 11 million tons the Cu is worth 1.8 billion dollars. If you take that historically companies sell for 10% of assets in the ground then Not is selling for the price of Cu alone. All that worth of Ni, Pt,pd. and chromite is not priced in the stockprice. All the potential in this large land position given no value.
All this bashing of wes and others is funny. How many of you have found 11 million tons of 2% Ni, 2% Cu and 8gms. of pt. and pd. Donot forget the 15 million tons of chromite.. By historical standards this is a 3-4 dollar stock. It is good to see the bashers here. Their credibility is thin. When this asset valuation is realized they will just change their names and move on.