RE:Yukon Grid Projected FundedIf you check the most recent financials, the equity per share is $4.18 USD. Granted, we can assume that some of that is "fluff" meaning funds raised for management salaries and such over the years. But the bottom line is you could not in today's day and age start a company from scratch, acquire the land leases, perform the exploration pay the salaries, crank out the PEAs and PFSs in order to obtain a compliant NI 43-101 compliant resource (which is, mind you, one of the largest PGM deposits in the Americas) on the piddly $3.3mm market cap that NCP is currently valued at.
Shares that are trading at 1 / 7th are ridiculously undervalued and represent a shrewd long-term investment at today's prices. Is nickel or the PGMs going obsolete? No they are not. The market for them is depressed right now, but cycles turn and sentiment changes. Rick Rule believes that nickel will be a 2026 story, so now is the best time to get this "hated commodity" when prices are at the lowest we've ever seen.
Management knows we have to batten down the hatches in the near term, witness the press release about cost savings via migration to the TSX-V. We all just need to be patient and wait for the sun to shine again, which it will. My bet is that when gold and silver start setting new all-time highs the price action will start to flow into the PGMs. Indonesia will at some point face serious headwinds for destroying their environment by flooding cheap nickel into the marketplace and that will alleviate the pressure on the nickel juniors.
Patience is the name of the game with this one. In the end those who picked up shares from those selling at a loss will reap the rewards the impatient decided to walk away from.