Tartisan Nickel Corp.
Trading at a Substantial Discount – Resuming Coverage
Published: 5/1/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
TN.CN - PNK 🔹
TTSRF - NASDAQ 🔹
- 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