Tuesday, 22 May 2007

Haywood Securities Highlights Pure Nickel

Haywood Securities made note of Pure Nickel's (NIC - TSX V recent property acquisitions in its Junior Exploration Universe Report dated May 17th.

The report highlighted the following:
NIC has an:
  • Aggressive $8 million exploration budget - drill ready targets.

  • Is well funded with $11 million in cash.

  • Joint ventures with Xstrata and Red Dragon.

  • High grade grab samples from MAN (Alaska) project (15.4% Ni, 7.2% CU, 19g/t Pt, 17 g/t Pd, 4.5 g/t Au, 127 g/t Ag + PGEs).

  • The Alaska project is adjacent to its existing 31 Salt Chuck mining claims - past producer.

Although not much was said beyond the facts, what is key to investors is that the company is just kicking off and is already on the radar screen of mining analysts. We make this statement on our understanding that management has met with approximately four analysts as of late.