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Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the southwest of Canada's Yukon Territory, approximately 317 kilometers (km) northwest (NW) of the capital, Whitehorse. The Nickel Shaw Project is a large undeveloped nickel sulphide project, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw Project has access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.


TSX:NCP - Post by User

Post by Heywood_Silverson Nov 11, 2023 5:19pm
139 Views
Post# 35730437

WangoTango what is your hunch then?

WangoTango what is your hunch then?You seem to be very knowledgeable about the Nickel Shaw project.  I am sure you believe (as we all do) that the current market cap is grossly undervalued versus its true intrinsic value.

I look at the value in a rather "back of the envelope" calculation sort of way.  The NPV from the PFS is coming in at about $107 million USD.  Knocking off 50% (no suitor ever pays 100%) brings us down to about $54mm USD.  Dividing that number by shares oustanding and you arrive at about 12 cents USD or ten times current trading values.  Do you see us achieving a price anywhere near $1 (or 20% of it's all-time highs from 2011)?

I think if the PGMs take off (and I believe they will in due order) we can easily see $1 in the right environment.  I propose that 10 cents is the absolute baseline for the bottom range of fair value.  What would you say?

Anyone who understands the metals market would have to agree that we are currently at a more or less risk-free entry point right now.

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