i guess a nickel still goes a long way!Based off the three metrics below, Kiska looks interesting:
Link to truly independent write up... Kiska Metals: a nickel still goes a long way!
1) With a market value of $6.4M new shareholders are paying roughly $2.13 for each ounce of gold believed to be in the ground at Whistler, the +700 million pound copper resource would be free. Obviously, this metal may never see the light of day, but it’s not going to walk away either.
2) Assuming all properties are equal (just play along here…) a new shareholder is paying $457,142 Canadian dollars for each of Kiska’s projects. Of course, that would assign zero value to any of the 12 royalties in its portfolio. Not including the Nevada properties, Kiska controls 440,618 acres worth of claims in total.
3) Technically speaking, Kiska shares bottomed during November 2013 (at least for now) at $0.04. From there it bounced 300% off what could prove to be the all-time low. Today’s prices represent a good risk/reward, as shares of Kiska Metals try to find support around the four to six cent levels.