Post by
RatPatrol on Apr 08, 2024 1:27pm
33 PENNIES
This past January 30th, Fundamental Research released a tidy piece on SPC.
The analysts concluded that, at 4.5 cents, SPC was trading at an
89% DISCOUNT
to the rest of its sector!
The stock price has since inched higher but......................
The nickel price decline now appears to be arrested with mine closures.
And issues continue to surface around metallurgical costs
of winning ore from those African deposits.
And I suspect that some of those African railway lines have different railway guages.
So, as they tell us in mining school, the economics there may be challenging.
Finally, 2 of the big miners, BHP and Vale, are struggling with lowly management strategies;
expensive deals, and just bad ideas.
ANY CHANGE
Could really lift SPC's stock price.
BWDIK ? JMHO