Nortec Minerals Corp. (TSX-V: NVT; OTC Other: NMNZF) was written up recently by highly regarded resource newsletter writer Lawrence Roulston in a non-sponsored editorial which highlights several near term value drivers for the junior gold explorer including the recent spin off of their LK project to Finore as well as two highly prospective exploration projects in Finland – Seinajoki and Tammela. LK is a large tonnage (30 million tonnes) PGM (platinum group metals) + gold + base metal project which Finore plans to add considerable tonnage with a large 2012 exploration program. After vending LK for a combination of cash, stock and work commitments totaling just north of $20 million, Nortec retains a 20% stake in this project which could become a very valuable asset on their balance sheet once fully developed. The Company’s Seinajoki and Tammela exploration targets in Finland have already exhibited excellent drill results which Nortec plans to further develop in the first half of 2012.
Here is a brief excerpt from the coverage which sums up the situation nicely: “At the current share price, the company is heavily oversold. With a highly regarded geological team and high quality projects, the share price should rebound fairly quickly. Favorable results from the work planned over the coming months could add enormous value.”
Here is a link to the full report: