Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty in the Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty.

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Nickel 28 Capital Corp > Nickel 28 Files Fiscal Q3 Financial Statements

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Comment by microcaptton Dec 29, 2023 9:49am

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Post# 35803803

RE:RE:RE:RE:RE:Nickel 28 Files Fiscal Q3 Financial Statements

I would not use a P/E as the proxy for valuation of a commodity company. If I were to use P/E ratios I would be buying at 18 P/Es or higher and selling at 3-5 P/E (not buying). Buying low P/E commodity stocks is such a rookie move. This company is a cheap option/levered traded to higher Ni prices. If you don't have a view on Ni or not long term bullish than it's the wrong stock.

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