$WSRCF / $NAN.V
North American Nickel
1. $6M cash
2. 2 years of successful drilling of high grade NI-Cu-Co on 70 km belt (2012-13)
3. Institutional Ownership (Sentient Group 40% & VMS Ventures 24%)
3. In 2013 the price moved from 0.18 to a high of 0.47 on 40M shares in 3 months (Aug Sept Oct), all on drilling related news.
4. Haywood Securities Analyst refers the project to Voisey's Bay.
"One of the best is North American Nickel Inc. (NAN:TSX.V). The company's Greenland Maniitsoq project includes a recent discovery at a target called Imiak Hill. As early as this past summer, we knew the company had hit massive sulfides. At the time, the question was if they were nickel-bearing sulfides. The answer appears to be yes."
"The rocks at Maniitsoq are the same rocks that host Voisey's Bay. At one time, they were connected. Now, because of tectonics, there's a sea between them."
Stefan Ioannou, Mining Analyst Haywood Securities