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FPX Nickel Corp. V.FPX

Alternate Symbol(s):  FPOCF

FPX Nickel Corp. is a Canada-based junior nickel mining company. The Company is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same style of naturally occurring nickel-iron alloy mineralization known as awaruite. It has a portfolio of five nickel-iron alloy properties, four in British Columbia and one in the Yukon Territory, all 100% owned. The Mich property is located approximately 55 kilometers (kms) southeast of Whitehorse in the southern Yukon Territory. It lies approximately 18 kms off the Alaska Highway and 200 kms by road from the port of Skagway, Alaska. The Company’s British Columbia properties include Orca, Wale and Klow. The Orca property is located approximately 35 kilometres east of Dease Lake and nine km from the Eagle target on the adjoining to Wale property. Klow Property is located approximately 120 kms northwest of Fort St. James and 55 kms north of the Decar Nickel District.


TSXV:FPX - Post by User

Bullboard Posts
Comment by yungcashon Dec 13, 2012 4:27pm
132 Views
Post# 20727061

RE: Why the jump?

RE: Why the jump?

RBC has had a methodical buyer that has bought 360k shares since the beginning of last week (only 410k total has traded). I think the tax loss selling has exhausted early and there was a vacuum back up to the 50 cent range, which was the last support level with good volume. We need news from Wale/marketing studies/further Decar results and/or a positive recommendation from Kaiser to get a volume pickup or any sustained move through the 50 cent level.

Bullboard Posts