SPC makes a strategic move in the Sudbury mining camp! SPC Nickel Corp (TSXV: SPC) makes a strategic move in the Sudbury mining camp, acquiring a crucial asset from Vale.
With Sudbury hosting some of the world's largest and highest-grade nickel deposits, the proximity to active mills offers a unique advantage to this company to advance its projects to production at a relatively low CAPEX.
Magna Mining Inc's CEO has indicated the company is seeking acquisition opportunities to potentially expand their project's mine life, making SPC Nickel Corp. an attractive target if it can confirm its historic resource estimates.
Despite the promising outlook, SPC Nickel Corp. is currently trading at a significant discount of $0.09/lb compared to the comparables average of $0.29/lb, indicating a potential 70% upside.
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