New York based Hallgarten & Company has established a very bullish price target of $0.45 on US Nickel (ASX: USN), as the company takes full control of the prospective Bullant Gold mine.
The price target is 165% higher than the last trade of $0.17.
What adds to the US Nickel story is assays from diamond drilling last month around the Bullant mine confirmed areas of potential gold ore grade mineralisation.
Importantly, these deposits are within economic mining distance from the main Bullant mine decline development.