RE:RE:TN is one of my Best StocksTotally agree. TN spun out NICO which has a float of 99.3 million shares with a s/p of $1.01 and a m/c of $100 million.
Reason and logic alone tells me that TN would retain its best project while selling its less premium project.
TN has close to $8 million in shares and cash (inc ELO shares) that it can use to move the project forward.
CEO Mark Appleby contines to buy shares in the market. He must be getting near $20 mill shares ?
The Price of Nickel keeps going up. And it will go much higher. The E/V battery revolution is going to need a lot of Class 1 Nickel Sulfide.
Bullish on TN? You bet.
off ceo.ca
@mackvorkian NICO purchased the Alexo -Kelex project from Tartisan Nickel TN. TN owns 1,850,000 shares of NICO with a NSR of .5% . TN has a M/C of $34.5 mill while NICO has a M/C of $99.5 mill. My take is that NICO has a great project but it seems reasonable to me that TN kept the better project for itself. And TN is way undervalued. I am a shareholder in both companies. My take is that Nickel is the right place to be right now.