ASX 0.67% $83.57 asx limited

dnl- discovery nickel- green alert

  1. 258 Posts.
    I have been researching a number of nickel stocks including view resource which has already moved. The other potential new nickel stock recently floated was Nickel Aust and that has moved as well. Looks like nickel stocks will remain a flavour for 2004 and this is a good time to get set particularly ones which have not been recognised. I think View is still good as a small upcomong producer and so is Nickel Aust which has promising tenements.

    The one which I though at the moment is undervalued and yet to move is Discovery Nickel which was just floated recently. Its issue price is 20c so it has not taken off. From my research it has great tenements and support of majors as well, so one that could easily move into the 30cs I feel. It did have a run last week and week before to 23c but pulled back because of Xmas so I expect in the early new year if the nickel price holds or go forward it will have its run, so pretty good time to accumulate at this level.

    Research yourself and see if you agree.

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