(Editors' Note: Panoramic Resources trades on the Australian Stock Exchange under the ticker PAN.AX)
In this article I will shed my light on Panoramic Resources (OTCPK:PANRF) which is currently producing nickel, copper and cobalt from its currently producing mines. As I explained in my article on Western Areas, I'm not really a nickel bull, but it could be interesting to put a low-cost producer in my portfolio, just in case my nickel price expectations are terribly wrong. I will focus on finding the fair value of Panoramic Resources using a sum of the parts valuation.
There has been some volume in Panoramic on the US exchanges, but the real liquidity can be found at the...
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