Mar. 4 at 4:51 PM
$NILIF Considering how much cash Surge has, the grades of the deposit, and of course the management team. Anything under
$0.50 is a absolute gift. The company will continue to derisk their project in a strategic way over then next 2 years making this one of the lowest cost stocks based on project revenue projection. I have no doubt this will go up 6x over the next 2 years. An assumption based on past project sales by Management which arguably is low since this is both the best project they have had and with inflationary measures, it well could be closer to 10x.
As they continue to infill the project value will just increase. Considering it is currently project to net asset value of 0.08x it is incredibly undervalued.