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New Age Metals Inc V.NAM

Alternate Symbol(s):  NMTLF

New Age Metals Inc. is a Canada-based junior mineral exploration and development company. The Company is focused on the discovery, exploration, and development of green metal projects in North America. The Company has two divisions: a Platinum Group Element division and a Lithium/Rare Element division. The Platinum Group Element Division includes the 100% owned, multi-million-ounce, district-scale River Valley Project, one of North America’s undeveloped Platinum Group Element Projects, situated 100 kilometers by road east of Sudbury, Ontario. The Company’s Lithium Division holds mineral claims in the Winnipeg River Pegmatite Field, where it is exploring for hard rock lithium and various rare elements such as tantalum, rubidium, and cesium. Its lithium projects include Lithium One, Lithman East, Lithman West, Lithman North, Lithium Two, Lithman East Extension, Cat Lake Lithium Project, Bird River Lithium, Lithium One West, Lithium One East, and Lithman East.


TSXV:NAM - Post by User

Bullboard Posts
Post by windsofchangeon Sep 28, 2020 11:28am
301 Views
Post# 31628876

Re:Wonder what kind of DD Sprott did

Re:Wonder what kind of DD Sprott didMy guess is that he uses metrics that everyone does in doing their DD.  The challenge with this stock (besides a history around PFN and Fire River Gold (remember that one?)) is that its value at River Valley is largely based on palladium.  The long term problem with Pd is the movement toward electic vehicles. Demand will fall for Pd eventually.  Maybe not right away, but surely within the next 10 years.  Just about the length of time to set up a (rather deep) mine.  Is someone going to risk the many hundreds of millions to develop such a mine when there hangs this sword over their head?

I think not.


Just my opinion.
Bullboard Posts