The Dark Horse of the Li & Ni Boom.........This is a pretty quiet board with not that much traffic. Which is just the way i prefer it to be, so you know this is still low key & still remains under the radar of many investors. Especially Robinhood types and day traders. So if any serious investors are still lurking around here or for anyone that cares for great investment opportunities, this my take on the current situation of the company.
Nickel Rock is a company i have been following for some time now and there was never a reason to take a second look at the company or make any serious investment in it UNTIL Elon & Tesla came along. This is a nice little spec play on the EV boom & the strategic metals involved around this enormous paradigm shift that's happening. This is a very simple play folks, either they hit the resource on their properties or they don't. But i do like their chances very much that they do hit something economic on either their Lithium assets in Clayton Valley or their Nickel assets in Canada.
If we are very lucky, maybe they even hit big on both properties. Both of which are besides some of the biggest discoveries this decade. Not many penny stocks like Nickel Rock trading at a quarter!!! have this potential. Usually these Canadian penny plays if they aren't some sort of scam, they're either mediocre, have uneconomic assets or in jurisdictions which are not too favorable. Nickel Rock doesn't have ANY of those issues.
In addition to these great properties, very little debt and nice share structure, they do have one additional bonus in their hands. Being a possible takeout target for BOTH properties. Yes, i did say for both Li & Ni. If one looks at where their properties are situated, especially the Li project, it's very plausible they become an attractive target for a bigger operator like Ablemarle if they prove out a decent resource there.
So going forward for the next week or so, all focus will be on the drilling results for their Clayton Valley assets. Which i believe will be coming in the next two weeks, at the latest. If they hit anything similar like some of the other smaller operators in the area, the stock will completely explode over $1.....easily. And with the tight share float & intense focus on the Silver Peak mine, this could go $2 or $3 quickly and even trade at a nice premium.
Therefore, this makes Nickel Rock my choice for a spec play on this sector for anyone who wants some exposure to Ni & Li and willing to take a little risk. The downside here is very limited and completely overshadowed by the huge upside this company has. Like that ole saying goes, "no risk.....no reward".
Good luck & God speed