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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

Comment by N3tPr0pheton Oct 24, 2021 11:55am
290 Views
Post# 34041996

RE:Nickel Is The New Gold Says Elon Musk. Supply Vs Demand

RE:Nickel Is The New Gold Says Elon Musk. Supply Vs Demand Grade is only part of the equation. A resource with a 2X grade and a 1Y recovery is economically equivalent to one with a 1X grade and a 2Y recovery. Yes, Decar has a much lower grade than sulphide deposits, but it also has a recovery of ~90%, as compared to the 55-65% reported by those alternatives.

There is also the matter of processing cost and carbon emissions. Awaruite doesn't require smelting, which costs about ~1/3 of the selling price, in addition to contributing ~2/3 of the total carbon emissions attributable to conventional sulphide deposits.

ESG aside, grade is only one variable that influences the bottom line, and FPX's NPV is the best of any in its peer group, even though it uses relatively conservative assumptions.

Not that ESG should be discounted, because the lack of smelting combined with the actual work (rather than just talk) on carbon sequestration indicates that FPX's project will be significantly cleaner than any alternative.

Good luck with your alternate play. Feel free to post it here; these boards are far from cluttered.
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