WHILE VULCAN RESOURCES Ltd has had a hard time convincing the Australian market of the benefits of operating in Finland since its debut on the ASX five years ago, its impending full listing on the Oslo Bors and growing popularity in Norway could provide another re-rating for the Perth-based junior. In just 12 months the company's market capitalisation has grown from 18 million dollars to 90 million dollars, driven by investment activity primarily from clients of Pareto Securities, a Norwegian broking house based in Oslo. And Vulcan managing director Alistair Cowden has every reason to smile. With 50 million dollars in the kitty and the full listing on the Oslo bourse next month expected to grow this even further, the definitive feasibility study (DFS) on its Kylylahti project imminent and its nickel properties growing in stature, the next 12 months will be a busy time for Vulcan.
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