NAN.V - Article JrMiners North American Nickle has been working in Greenland for the past few years and have drilled some really exceptional grades. A lot of the cores are high grade. The company has announced that they are going back for another summer work session and will be doing more drilling. Field work will begin in May and drilling is scheduled to begin in June. A minimum of 3,000 meters of drilling is planned. Unlike so many juniors out there, NAN is well funded to carry out this work program. Greenland offers a stable investment enviroment and when you really come to think about it, Greenland is the last frontier in mineral exploration in the world. Let's face it, everywhere has been pretty much picked over.
The company put out a news release a while ago stating that Mr. Alex Balogh has joined the Company's Advisory Board.Mr. Balogh is the former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda Minerals Inc. A lot of knowledge to have on your team.
Now for some real interesting news. The stock price has been stuck around 13-14 cents for quite a while and the company wanted to raise some funds for future work. So they raised the 7.5 million dollars worth of funds through a PP at 17 cents a share. That alone tells me that private investors see some pretty big value in this play. When private investors are willing to pay a premium on the stock for a chunck of the action, that usually means the action is going to be pretty good. By the way, NAN owns this project 100%.
People always asked when the best time to buy a stock is. Some will tell you to buy when everyone else is selling, but the best time to really buy is when you are thinking about selling. TSX-V:NAN
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