Tartisan Nickel Corp.
Trading at a Substantial Discount – Resuming Coverage
Published: 5/1/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:TN.CN - PNK 🔹TTSRF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.16 |
| Fair Value | CAD $0.47 |
| Risk | 5 |
| 52 Week Range | CAD $0.06-0.19 |
| Shares O/S (M) | 122 |
| Market Cap. (M) | CAD $20 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.5 |
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Report Highlights
- We are resuming coverage on Tartisan Nickel. The company’s flagship Kenbridge nickel project is located in the Kenora mining district in Ontario.
- Kenbridge hosts high-grade open-pittable/underground resources totaling 146 Mlbs Ni, and 78 Mlbs copper. The property hosts class 1 nickel, essential for lithium-ion batteries in electric vehicles/EVs.
- A 2022 Preliminary Economic Assessment (PEA) returned attractive economics, with an After Tax-NPV5% of $109M, and a high AT-IRR of 20%, using U
