Market still snoozing The enterprise valuation here is insane.
$5m+/- net of cash.
People suck at connecting the dots. I'll do it for them.
First read this article link. Vale in 2019 was making plans for exploration in the Thompson Nickel Belt.
This shell had Zero and I mean Zero issues raising millions. The Strange project is theorized and acquired from Vale-Inco Geolgoists. That's the tip.
Vale-Inco is already shareholders here in terms of individuals without representation. Manibridge mine is why I love that.
The grade of the Thompson Nickel Mine historically was 2.8-3% NI-(CU) EQ. Vast majority of which was Nickel. The Manibridge Mine is in the same belt and consists also of high grade mainly nickel sulphide ore grassing 2.68% NI-(CU) historically.
Thompson has been mined to 1387m depth from surface. Manibridge has only been drilled heavily for 100m and sparingly for 100m. No one has ever deep drilled Manibridge. Never mind down to 1387m levels.
Oregroup recompiled data and have some incredible targets at depth to follow the highest grades. This could be the Thompson Nickel Mine 2.
Guesstimating but I think Thompson has ran about 80mt of ore lifetime and has another 20mt of ore to go. At least ten more years of operations added recently. Despite this close finish line, they are investing $1B into a new smelter and $122m in new Exploration and development.
$MERG isn't in this shadow of this by accident. It's not hard to visualize that at some point Vale comes knocking at our door!
Long and buying more at these prices!
https://www.google.ca/amp/s/www.cbc.ca/amp/1.5362181