Post by
apapas1973 on Feb 12, 2021 9:06pm
Is this CNC project too good to be true?
The more i read about CNC the more I'm liking this story. Is there a catch? What's the biggest downside risk to this project? We have an MOU signed with first Nations establishing a relationship with them, it's near main roads and highways, organizations i.e US govt already showing interest, funding i can't see being a problem, mine life looks to be huge with more exploration potential, lower capital expenditures and acceleration of initial smaller open pit mine if Glencore MOU is signed, market cap of about 300 million so still lots of room to grow, and last but not least we're entering a possible nickel super cycle amid all the EV demand and we'd be getting in right at the beginning with not enough supply of nickel for the demand. I guess what I'm getting at is, can someone convince me to not buy shares in this company?
Comment by
Rm90090 on Feb 12, 2021 9:57pm
I would add to your list with what seems to be really knowledgeable and effective leadership. This is a company I plan to hold for a long time and I appreciate that he is consistently giving updates and doing long interviews. He isn't afraid to put himself in interviews where there are tough questions. Before CNC he was a nickel expert which was often called upon to comment on the sector.
Comment by
apapas1973 on Feb 12, 2021 10:39pm
You are 100% correct Rm. You can have an amazing project with inexperienced leadership that will generate only a fraction of the potential returns for shareholders.