$PNPNF Why I love the direction of this company
8 Key Reasons Why Power Nickel (TSX.V:PNPN) Could Witness Unstoppable Growth Throughout 2023
HOT DRILL RESULTS: The most recent drill hole results indicate the discovery of a major nickel sulfide deposit within the area. This has management believing when they update the NI 43-101 in early Q3 2023 that tonnage will be at a level that the market will deem the mine commercial.
EXTREMELY UNDERVALUED: Given the drill results and company guidance we see that the NISK project will take its rightful place among major entities from the value range of $140-$480 million USD versus the market cap of $25 million after closing of recent financing.
HOT MARKET SECTOR: The mining industry has been consistently producing diamonds in the rough for us, and nickel has been on the radar of the bigger players recently.
ATTRACTIVE ENTRY POINT: Recently, the stock pulled back after the impressive drill results and capital-raising efforts. Subsequent to the closing of $5 million at $0.50 with 1 share and 1 callable half warrant (also with a market price value of $0.50), equaling $1, we have been provided with an extremely undervalued opportunity to dig into this nickel mining company before the big run.
SIGNIFICANT UPSIDE POTENTIAL: Previously, we saw the stock surge from $0.10 to $0.35 on strong investor sentiment. The NISK project so far has only worked 1km^2 of its 45km^2 land package. That’s less than 2.5% of the total area. NISK is a high-grade ultra mafic nickel deposit. Other projects like this in Canadian mining history include Lynn Lake, which had over 22 million tonnes and the legendary Voiseys Bay, which contained over 50 million tonnes. Every single nickel mine that ever produced was comprised of multiple deposits (or “pods”). It is highly likely that NISK will have multiple pods as well. Their current mapping on-site has traced the ultra mafic rock at 5.5km. They have focused on the 975km NICK main section but recent step-out drill and airborne emission results suggest that there are massive sulfides present in this largely unexplored extension.
CUTTING-EDGE SPACE-AGE TECHNOLOGY: Not only is the company confident that they know what’s down there, they’re using state of the art technology to map out where it is likely to be to expedite the mining process. This allows for maximum efficiency, which puts them on the forefront for market consumption. They will control a larger portion of early supply, which means they can meet demand effectively.
THE WORLDS FIRST CARBON NEUTRAL MINE: Not all nickel is created used the same amount of CO2. The world is very focused on minimizing CO2 output and the electrification movement is clearly in the front seat driving demand on a global scale. Due to this, many nickel mines are under intense pressure from governments and consumers alike to minimize the amount of emissions they are producing during the mining process. Most nickel mines will be unable to deliver a positive CO2 reduction. This does, however, put the NISK project and others like it in a great position and provides them with a tremendous, sustainable, competitive advantage. Not only does this provide an economic edge, it also contributes to that global effort and helps the environment.
BILLIONS IN GOVERNMENT SUPPORT AVAILABLE: The Canadian government has allocated billions in cash credits to help support the companies which support safe mining. The Canadian federal budget includes a 30% tax credit, as well as Quebec’s 25% tax credit. Power Nickel may be eligible to tap into more than $200 million of those allocated funds and credits due to their efforts.
BONUS: If the above reasons aren’t enough to get you as excited about Power Nickel as we are, the company also has a very attractive portfolio of copper and gold exploration assets, and it has advised that it plans to spin those out this year as early as possible.
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