Jean-Francois Tardif
Scandinavian Minerals
SGL-T(Dead)
DON'T BUY
Mar 24, 2008
Has a nickel deposit in Scandinavia, a very attractive project. It will be difficult to receive the financing they require. Don’t want exposure in base metals. Very cheap. Stock wont go anywhere.
Only has $100 million market cap. Have to raise $120 million to get their nickel mine into production in 2009. Not widely followed. At current nickel prices, they are trading at less than 1 X earnings.
Has a nickel deposit in Scandinavia, a very attractive project. It will be difficult to receive the financing they require. Don’t want exposure in base metals. Very cheap. Stock wont go anywhere.