Blue Sky Potential for Fathom Nickel
The guys on the CEO Forum were discussing blue sky potential for FNI. From current levels if Fathom Nickel were to hit something similar to Nova Bollinger that was bought out for $1.8 billion you would see FNI go to around $15 a share plus or minus a couple bucks. Actually it would be much higher than that because the price of nickel is more that double what it was back ten years ago. Nickel was below $5 a pound back at the time of that acquisition and its over $10 a pound now. So how about a $25 to $30 share price for FNI with a similar deposit of 13 million tonnes of 2% Ni. So that would be a 100 bagger from current levels. Yeah that's not bad, let's do that!!!
@BigHeavyBags What do you guys think the % return potential is here, if they hit big like we all hope? When I heard QH talk about FNI the first time I yeeted my loose cash into it at 6 cents, and I'm kicking myself now for not buying more. I'm looking at adding to my shares but need to think about different risk/reward scenarios. 0
@beaglehound Could easily evolve into a 20+ bagger! Research what happened to Noront's share price a few years back when they made a major discovery. Research Sirius. Novo- Bollinger took the company into the stratosphere. I think Crescat's video #117 says it all in my opinion.