Bullboard - Stock Discussion Forum First Atlantic Nickel Corp V.FAN

Alternate Symbol(s): FANCF

Energy

First Atlantic Nickel Corp., formerly Avante Mining Corp., is a mining exploration company. The Company is focused on developing high-value geographically significant projects, including the Pipestone Project and the Voisey's West Project. The Pipestone Project represents the awaruite projects, which are a focus in the development of large-scale bulk tonnage nickel targets. The Pipestone... see more

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First Atlantic Nickel Corp > Au trending down

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Post by CHOCKYISBACK on Jun 17, 2021 8:10am

Au trending down

Gold got b*#tched-slapped with the overnight Asia trade & continued once Frankfurt & London opened up. Weakness could continue if todays job numbers are positive...Price may rebound above 1800 by this time next week, so perhaps any ( positive ) assay results will come then instead ??? GLTAL ;)

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Comment by EDMINNEMA on Jun 17, 2021 8:18am

TECHnically, the price of gold, unless it drops $500 or so shouldnt directly impact exploration companies, but we all know it does. If a company has a indicated or inferred reserve, the price of gold would impact it somewhat, because that resource is what ne uses for funding. If you are a producer, the daily swings in gold affects your bottom line, and your profits.

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First Atlantic Nickel Corp