/biz/ - Business & Finance

>>29788605
>>29788679

I actually like Nicola precisely because of the debt. The debt is all denominated in CAD and already priced into the gutter market cap. When the CAD goes into hyperinflation, Nicola will immediately get a clean balance-sheet. Meanwhile it has

1) A mill which cost $32 million, which is worth as much as its own market cap;

2) The only mill in B. C. permitted to process feedstock from anywhere in the province, and the only one available for hundreds of junior mining companies;

3) A silver property with 30 million ultra-high-grade ounces (something like 800 gpt), permitted for mining;

4) The highest-grade copper property in North American history, permitted for mining;

5) A very high-grade gold property, permitted for mining.

Add to this that "it would be nearly impossible to get a new mill permitted in B.C. in under five years, if at all."

(Obviously this is a high-risk stock which is suitable only for people who are planning for a silver bull market and fiat-currency hyperinflation.)