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Power Nickel Inc V.PNPN

Alternate Symbol(s):  PNPNF

Power Nickel Inc. is a junior exploration company. The Company is involved in exploring for nickel, copper, cobalt, PEG group metals, gold, and silver on its various properties located in Chile, and Canada (Quebec & British Columbia). It is focused on developing the high-grade Nisk project into Canada's first Carbon Neutral Nickel mine. It owns significant land packages in British Colombia and Chile. Its flagship NISK project is a high-grade nickel-copper sulphide deposit with mineralization of multiple battery metals including Nickel, Copper, Cobalt, Palladium and Platinum. The Nisk Project consists of a total of 90 claims covering an area of 4589.11 hectares. Its properties include Golden Ivan, Palo Negro Hornitos Tierra de Oro, and Zulema. Golden Ivan is located three kilometers to the east of Stewart, BC in the heart of the Golden Triangle. The Golden Ivan property consists of thirteen (13) mineral claims, all in good standing, for a total area of approximately 797 hectares.


TSXV:PNPN - Post by User

Post by apapas1973on Dec 15, 2024 6:34pm
165 Views
Post# 36363397

Putting a valuation on pnpn.

Putting a valuation on pnpn. Keep a couple things in mind when calculating and putting a 2 billion valuation on this. Besides it being too early and pure speculation (but it's fun to speculate), don't forget the fully diluted share count.  We're currently at 250 million shares (which is still acceptable) factoring all available warrants and options and I'm assuming they will be exercised. At Friday's close we're a 240 million market cap. At $1, which I think we'll be crossing soon, we're a 250 million company. 
At 2 billion we're an $8 stock but no other shares added to the float. Which is impossible. They'll need to raise in the future (hopefully at a much higher price)but we're funded for now. We'll need to see good assays from holes 8xx and also from that core sample we saw but won't come out till probably next year holes 9xx. Can't remember the exact hole numbers. If these recent assays don't disappoint, then look out above...GLTA
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