All numbers CAD. CRE owns 20% of Power Nickel (30 million dollars) plus 13 million shares directly (another 10 million dollars) . Plus they are totally carried on all PN capex until bankable feasibility study (that is another $5 million just for their share of 2024/25 programs). And they participate in all the upside in Power nickel from their robust 30,000 meter exploration program this winter.
So there is $45 million of current value embedded in the CRE shares that have current market cap of 98 million. Pretty substantial but little appreciated asset.