Tuesday, 15 April 2008

Latest Research On Pure Nickel Says It's A Buy!

Pure Nickel (TSX: NIC)
Basic Shares: 67.8 million
Fully Diluted: 92.4


The latest report on Pure Nickel from Fundamental Research has just been released to the public. Fundamental has been following the company since last fall and is holding fast on its BUY with a fair market value of $0.86 per share.

Fundamental attributes the buy rating to several factors stressing that Pure Nickel is undervalued when comparing the company to its peer group. It believes that an investment in Pure Nickel is a good way to participate in new nickel-copper-PGE (platinum group elements) discoveries being that the company has such a diverse land portfolio.

The report also mentions that the company is in a strong cash position and it believes the low share price may be due to delays in announcing drill results.