GREY:RNKLF - Post by User
Post by
JulesCorleoneon Apr 21, 2018 3:56pm
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Post# 27922018
Extremely Undervalued Company with Giant Nickel Deposit
Extremely Undervalued Company with Giant Nickel Deposit You guys should check out FPX Nickel, which is FPX on the Venture.
Puny 25 million CAD market cap. They have 100% of a massive multi billion ton nickel deposit already drilled out with an over $500 million dollar NPV. The study was very conservative and a new one is underway that should result in a substantial increase to the NPV. Nearby they have also sized up an additional target that is likely an even bigger deposit than that which has the NPV on it now.
Very disciplined management that owns a huge percentage of the company. Nickel is exploding right now and this super low volume stock (low volume in Canada too) is just at the beginning of what appears to be a big bull move. This thing could quadruple and it would still be undervalued compared to some of its peers in the industry according to their investor powerpoint (other companies with large bulk tonnage Nickel deposits but no mine).
Full disclosure: I am very long this stock.