Canada Nickel Company Inc V.CNC

CNC vs Dumont

[Rm90090]

Question for the board:

In Mark Selby's interviews he often refers to his past project at RNC with the Dumont Nickel project. He often states that the project is close to the same size and he is leveraging the work they did there to forward this project at Crawford.

However, Dumont doesn't seem to be ready to mine or picked up by a major (please correct me if I'm wrong). I know the project has been sold to a financial company but my question is why did RNC sell out of the project? And also, if nickel is going to be in such demand - why haven't the majors picked up that project?

I am playing devil's advocate with myself as I am an investor in CNC. In my mind the RNC project should be in a more successful position- and it gives me a little pause when I think of the success that CNC can have.

Thanks

[apapas1973]

That's a very good and valid question RM... I think the takeovers will begin within this next year. Majors are waiting for more of these juniors to de risk and pull the covers off so to speak to show us whats under the hood as news releases continue. This will give the majors a clearer picture. There's no point for them to buy something that's not economically feasible. Now timing is

[Rm90090]

Thanks Apapas, I wonder if the economics for Dumont were not great because they don't have that high grade core. I am going to try to go have a look at their PEA and PFS.

[EndZonefor7]

The drift I got was that Dumont deposits were splotchy whereas Crawford was more uniform making it more consistent when digging it up thus saving costs. As well Dumont CAPEX was $1 billion versus $800 million for Crawford. This could well change in the PEA as they crunch the numbers more. I recommend slowly reading the Mackie report especially the metallurgy sections. As apapas said if they hit

[apapas1973]

Good catch on the capex Endzone. And if you're right on the splotchy as you say Dumont project, that gives us a huge plus. Mark Selby is trying to piece together a continuous consistent mid to higher grade area. And i believe that he believes it's there. That's why we hear whispers of this possibly being the world's largest nickel mine.