RE:How long are you guys gonna hang in hereMy basis is low enough I can hang in until the cows come home, so to speak....
Nickel and PGMs will see brighter days. No worries, like I've said for a long time, don't make this more than a few % of your portfolio and you'll be just fine.
Digging back to the 2015 PEA, we see (with much lower metal prices for gold, copper and Pd) that the project has an NPV of $1.6 billion USD. A junior should expect about half of any NPV in a buyout, which if you take $800k divided by the shares outstanding is about $2 USD per share.
At 6 cents USD, this could theoretically be a 30 bagger. Let's get conservative and say if it only gets back to $1, this is still a 16 bagger. Hey, with potential upside like that, why would I be in a hurry to move. This is and continues to be an optionality play. You just have to wait for the metal prices to be in your favor and do not much else other than slowly increase your resource and de-risk the project.