RE:RE:RE:RE:CRE CRE CRE CRE CRE CRE CRE CRE CRE
There has to be a bottom somewhere. They have no debt. They have 25 million in cash in the bank. They own a 30 million dollar stake in Power Nickel that has much better short term catalysts. Even better they are carried on the further development of Power Nickel to the point of a BANKABLE feasibilty study.
Meanwhile the market cap is now under 80 million.
Then they have a shovel ready Rose lithium project all permitted. In a great location. In a jurisdiction where Canada has a 30% tax credit for development of critical minerals and the province of Quebec has a 25% tax credit for same.
Then they have other stuff including new lithium resource close to their Rose project that bumps its scale upwards. And other litium prospects. And extensive Nemaska belt properties on trend with PN Nisk and Lion discoveries including a JV with Lomiko to the NE of PN holdings and extensive land base to the SW of PN holdings.
At some point is goes from undervalued to ridiculous. Especially if PN shares double over next 6-12 months. Which is not an outlandish prediction.