Noble Mineral Exploration (TSXV: NOB) here at $0.055 per share has a market cap of only CAD$12.46 million.
As of May 31st, NOB held cash plus securities in publicly traded companies mostly in Canada Nickel Company (TSXV: CNC) worth CAD$4.83 million.
Based on NOB's current market cap and cash + short-term investments as of May 31st, NOB has an enterprise value of approximately CAD$7.63 million or US$5.62 million.
CNC owns the world's second largest nickel reserve at Crawford and the geophysical footprint of NOB's 100% owned Mann Northwest is more than 3X larger than Crawford. CNC is paying for the exploration of Mann Northwest to earn an 80% stake, which will leave NOB with a 20% interest in Mann Northwest.
Try to imagine for yourself what the 20% interest that NOB will retain in Mann Northwest alone will be worth with these type of drilling results recently reported by CNC:
Drill hole MAN23-01 intercepted 412.2m of 0.19% nickel, 0.01% cobalt, 0.028 g/t palladium, and 0.019 g/t platinum plus an additional 81m of 0.24% nickel, 0.01% cobalt, 0.003 g/t palladium, and 0.004 g/t platinum.
Drill hole MAN23-02 intercepted 348.5m of 0.23% nickel, 0.01% cobalt, 0.025 g/t palladium, and 0.015 g/t platinum plus an additional 28.9m of 0.03% nickel, 0.01% cobalt, 0.294 g/t palladium, and 0.229 g/t platinum.
Drill hole MAN23-03 intercepted 291.5m of 0.23% nickel, 0.01% cobalt, 0.005 g/t palladium, and 0.006 g/t platinum plus an additional 23m of 0.22% nickel, 0.01% cobalt, 0.003 g/t palladium, and 0.006 g/t platinum.
Drill hole MAN23-04 intercepted 301.5m of 0.18% nickel, 0.01% cobalt, 0.009 g/t palladium, and 0.011 g/t platinum plus an additional 16m of 0.01% nickel, 0.01% cobalt, 0.238 g/t palladium, and 0.176 g/t platinum.
Drill hole MAN23-05 intercepted 366.5m of 0.20% nickel, 0.01% cobalt, 0.019 g/t palladium, and 0.013 g/t platinum.
Drilling results for three additional holes at Mann Northwest are pending that will extend the strike length to 2.7km!
Drilling at NOB's 100% owned Mann Central and Mann Southeast hasn't started yet!
NOB totally separate from CNC has secretly launched a 2,000m drilling program targeting IP anomalies located 2,000m north of the world's deepest base metal mine Kidd Creek owned by $70 billion Glencore!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from NOB of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.