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Archer Exploration Corp AREXF


Primary Symbol: C.RCHR

Archer Exploration Corp. is a Canada-based exploration and development company with an extensive portfolio of assets in Quebec and Ontario, Canada. The Company’s flagship asset is the Grasset Project, located within the Abitibi Greenstone Belt, with an Indicated Resource of 5.5Mt @ 1.53% NiEq. In addition, the Company holds a strategically significant portfolio of 37 properties and over 300 square kilometers (km2) in the mining district of Sudbury, Ontario. The Grasset Project is a resource-exploration stage Ni-Cu-Co-PGM project located in the James Bay territory in Nord-du-Quebec administrative region of the Province of Quebec, Canada, approximately 77 kilometers (km) west-northwest of the city of Matagami and 170 km north of the town of Amos. Its Sudbury nickel assets include a large property package comprised of 309.84 km2 within 37 properties, including the Parkin, Wisner, North Range, Windy Lake, Trill, South Range, South Range West and East Range Wahnapitae projects.


CSE:RCHR - Post by User

Comment by rockmoneyon Feb 08, 2023 12:41pm
309 Views
Post# 35274783

RE:Great high grade battery nickel deposit in Quebec

RE:Great high grade battery nickel deposit in Quebec
Yes, a very good project. But the $54 million vlauation was overpaying at the time and the market has recognized that and it trades lower. Wallbridge got greedy. But I think the exploration upside is very real and with the drill program starting, this will re-rate higher.

If that 5.5 mt resource starts looking like 10 million tonnes at +1% Ni grades, and i think it has a very good shot at that, this will create a lot of value at these price levels. The stock is a buy.
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