From CEO.CA just now
Fools.gold: Just got a lengthy email response back from Mark Selby. To summarize we are looking at a resource estimate and update within the next couple weeks. CNC will also be drill testing up to 20 targets this year. Meaning we have 20 slot pulls, if even one of those comes back high grade or bulk tonnage, oh man! If they do make a discovery they’d concentrate on growing the discovery. He also mentioned that in the PEA they were hoping for 4-5% increase in recoveries but are targeting much better than that now. Every 1% is a 92 million increase in NPV. Also, the PEA was done at $7.75 and for each 0.75 increase it adds just over 300 million to the NPV, currently nickel sits around $12.50/lb. He also said that they’ve been in discussions with car companies/battery companies and North America doesn’t have the nickel needed to supply the green revolution. He said even with Indonesia supplying the nickel market it’ll still be in a deficit. But countries like Canada, USA, Europe and etc will only use green battery supplies. I also spoke to the top shareholder of CNC today and he hasn’t sold a share and has only added along the way. All in all things couldn’t look better but the stock price couldn’t be worse. You know what to do. BUY:CNC
https://ceo.ca/cnc?0afb5b91cc20