Knight is a nickel play at West Raglan with Anglo American in the prolific Raglan Nickel camp (720 sq. km) in Canada. The stock gained a lot of buzz in January 2004 with its near-surface Nickel drill results and was subsequently hit with a Novawest lawsuit which is now settled in Knight/Anglo’s favor.
Drilling Results |
15 m |
3% Ni |
24.5 |
1.7% Ni |
9m |
3.3% Ni |
5m |
4% Ni |
18m |
1.4% Ni |
2 Rigs are turning with results pending.
Given GCR’s 100m of 1% Nickel was able to gather a market cap of $200 million+. I’d take a stab at Knight for its tight market cap and technical breakout.
Company Contact Info: http://www.knightresources.ca/
Presentation link: http://www.knightresources.ca/projects.asp
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