NIC is a stock that’s been mentioned by MM a few times recently but it again popped into my mind as BHP and Fortescue (FMG) joust for control of Canadian nickel company Wyloo Metals as both companies strive towards a more “clean energy” product mix. This week saw FMG trump BHP’s bid by a huge 47% making me wonder if we will slowly but surely see a valuation rerating of other nickel companies – definitely is our view assuming they have the quality mine potential like Wyloo promises.
MM is keen on NIC around $1.30
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