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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Post by apapas1973on May 24, 2023 2:48pm
150 Views
Post# 35462359

Nickel needs to firm up.

Nickel needs to firm up. We used 775 in our PEA. Not far off from that currently. The price of 945 as we speak just isn't going to cut it. Even though we used a lower price, I'm sure our inreased costs will eat up the difference. We need to get above 10. Even 11-12 I would say Is that sweet spot. Also keep in mind Mark made it clear he's going to use a higher base nickel price for the feasibility. Higher to me would mean definiyely above 9 or even higher. So if he's not realistic with the nickel price we're going to be using in our feasibility, there could be some pain ahead.  We obviously can't post a feasibility with a nickel price higher than current market value. All hell will break loose because there are no guarantees it'll go higher. I suspect all this is happening because even though we're expecting an increase in demand, I think traders are forecasting a slow down and demand just won't be as high as once expected. Unfortunately we need an offtake deal.  GLTA
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