Post by
apapas1973 on Sep 25, 2023 8:13pm
Takeaways from the latest crux video.
Well at least he confirmed we're getting the feasibility this week. We also finally got our answer as to what nickel price will be used in the upcoming feasibility. Mark is stating 9-950 price. Quite a jump from the 775 in the PEA. I understand the long term projections for nickel will be higher but curious how traders will perceive it TODAY considering nickel is trading at 850. And Mark also thinks it'll trade closer to 8 in the near future before it bottoms.
He also states the critical mineral tax credit will be in there but not the exact CC credit. Sounds like it will be a realistic estimate which will add on top of current IRR and NPV.
The big plus here is that Mark clearly states we're miles ahead of all other juniors. He actually says we're the only company that completed the first phase of the federal permitting stage. It also sounds to me that many battery supply guys are keen on getting supply of nickel, I believe Mark states there's an "urgency". That tells me we could potentially ask for a premium on any battery/offtake deal being that he held off until now on any deals( assuming a positive feasibility). A very dangerous game of chicken to play. But in this scenario if the ball falls in your court, the payoff could be massive. GLTA
Comment by
idlefreebird on Sep 25, 2023 10:56pm
endzone ...double the PEA minelife of 25 years isn't anything to sneeze about ..glta
Comment by
EndZonefor7 on Sep 26, 2023 12:03am
Yup a doubling is huge idle. World's largest and longest running nickel mine? That's crazy. I wonder if our resource number will be higher with all the drilling since last resource report? Have to think it would be up abit.
Comment by
idlefreebird on Sep 26, 2023 7:22am
endzone , i'm not sure but to have a 50 year minelife is typical in the Timmins camp...gold mines ran for 100 years of operation..Timmins is a resource hot spot ...glta