Opinions
Lyle Stein
Victory Nickel
NI-T
COMMENT
Dec 02, 2014
$0.360
Stock price when the opinion was issued
0
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Recently started a plant in Lethbridge to produce fracing sand. The plant is designed to help them process some of the tailings overburden that they are going to be taking off of their nickel mine sometime in the future. Stock has come under pressure because it needs its capital. In building the frac plant, they had to spend capital, but also raise money for working capital. Over the course of the next year, will the frac sand sales be enough to cover the interest being paid and the debt holders happy?