Post by
apapas1973 on Jun 03, 2023 3:54pm
I would love to see this CNC merger.
As long as nickel holds up, I don't see an issue for these lower grade mines. If CNC can get that share price up and especially if another partnership or off take of some kind Injects some liquidity into them, then that would open the door for a takeout of our neighbours EVNI. They have a massive land package right in our backyard. Same geology. I'd say roughly about the size of Crawford and Reid. Plus a high grade zone. Wouldn't cost us very much. They're going to be needing cash soon and raising it in this environment won't be very easy. They have a really low share count but a tiny market cap. This will create a dilution problem. But so far it looks like they have the goods to compliment our business. We would essentially become number 2 and actually possibly number one in the world. Their high grade zone seems a bit stronger than our sothman and Texmont. Something to think about. GLTA
Comment by
apapas1973 on Jun 03, 2023 4:07pm
Take a look at EVNI 's last few news releases. Expanded high grade zone, massive land package, govt support ( for clean nickel) not much but a start. This seriously needs to be considered. Also the potential return (land package) compared to existing market cap is pretty big. GLTA