January 12, 2011 02:30 pm
stock i could find.
most probably you won`t believe it. i didn`t and done DD on this one all day long.
conclusion. unbeliavable but true!
simply flying under the radar for very long now & managemnt not competent to deal with investors BUT they have the assets.
MARKETCAP IS 20 Million
READ yourself: Historic estimate - non NI compl.
l “tonnage and grade estimates” list 529.6 millions dry long tons at 36.7%Fe for
Deposit A, 146.1 millions dry long tons at 36.8%Fe for Deposit D and 266.1 millions dry long
tons at 34.1%Fe for Deposit E. http://www.niocan.com/documents/00GreatWhale28juin.pdf
in addtion have a high grade Nioboium mine wich will soon be in production! (also some REE by product potential)http://www.niocan.com/content.asp?SectionID=8
compares very well to IAMGolds producing and very profitable Niobium- mine http://www.iamgold.com/English/Operations/Operating-Mines/Niobec-Niobium-Mine/default.aspx
AND here we go a takeover intention announced. TODAY! but i do hope they`Re not that stupid to give their comp away for almost free. Niobium production around the corner an dBILLIONS of iron ore dollars in ground...
NIO-METALS HOLDINGS LLC. PROPOSES BUSINESS COMBINATION WITH NIOCAN INC.
So worst case you get minimum 0.5$+ as this was the closing price of T.NIO on JAn.7.2011
BUT! i`m not willing to give any share away below 2$
greetings from germany and a T.NIO shareholder as of today (bought @0.55)