The NASDAQ soared 144 points or 2.2% yesterday to a new record high on the strength of bullish earnings reports from the world’s biggest tech companies, while the TSX closed at a new all-time high as energy shares surged alongside Oil prices.
When will the Venture join the party?
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Great write up as per usual, BMR. “The junior resource sector needs a huge winner, a stock that runs from pennies to $30 or more per share on a whopper of a discovery and a bidding war, to overcome the shattered confidence of recent years.” I realize it’s too early to talk about valuations without any hard data, but given your general understanding of what’s happening up at E&L (the tenor, the scale of this discovery and the fact that there are at least 3 other anomalies of importance) isn’t a $3B valuation a pretty conservative lower threshold of a number for a buyout should resources be proven at Nickel Mountain? Or am I reading too much into that sentence…? Or maybe I’m thinking too big in terms of what Nickel Mountain holds? Thanks!
Comment by johnz — October 29, 2017 @ 7:54 am