RE:RE:RE:RE:RE:RE:RE:Dumount looking to unload for 1 billion
Drno, deep down I think Selby knew Dumont had limited upside. As Mark has stated a lot of companies start to head down after the PEA. I believe until they can build out the mine, start production and bring in some cash, many investors head for the doors. Think about all the complications that can arise during that phase. Also 2017 is different than 2021. The nickel price at that time was hovering between $4 - $5.5. Imagine trying to do a PEA with the higher cost mines at that time. People weren't talking about the nickel super cycle and car companies hadn't progressed EV manufacturing. Granted the nickel price is only at around $8 now, it's still higher. And I think it's safe to assume we're going even higher. CNC in 2017 would have been perceived much different than now. When it comes to commodities unfortunately most times timing is everything. If the company can catch the start of the big wave, they're going to make a lot of people happy. I think CNC is in that phase now. Alot of nickel mines will start to get built over the next few years but the early birds get the worms. And that's going to be CNC... Just my opinion.