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NiCAN Ltd V.NICN

Alternate Symbol(s):  NILTF

NiCAN Limited is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration and evaluation of mineral properties. The Company is actively exploring two nickel projects, Wine and Pipy, both located in the mining jurisdiction of Manitoba, Canada. The Wine Project is located within a favorable portion of the highly prospective Flin Flon-Snow Lake Greenstone Belt of Manitoba. The Wine Property, comprised of 24 mineral claims totaling 5,666 hectares (ha), is located in northwestern Manitoba, in the eastern Flin Flon-Snow Lake greenstone belt on the southern flank of the internal zone of the Trans Hudson Orogen. The Pipy property, comprised of eight mineral claims totaling 1,272 ha, is located in northeastern Manitoba in the northern extent of the Thompson Nickel Belt (TNB). The Pipy property is in the northern TNB, which is a 150 kilometer long nickel metallotect extending from Phanerozoic cover in the south, to north of the City of Thompson.


TSXV:NICN - Post by User

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Post by Magnum2on Feb 28, 2024 5:16pm
96 Views
Post# 35905002

To be expected, it was trading at 4-5 cents a Month ago

To be expected, it was trading at 4-5 cents a Month agoppl can still sell at some sort of positive gap here, not sure what the share price did last year etc.

Anyhow, healthy turn-over the VWAP slowly moves higher as theyb absorb more shares.

Personally if it hangs around here long enough I will add another 500K - 1 Million shares, with grades they have in the upper section start at about 13 to 14 feet deep and the deeper section not that deep either, all in mining friendly jurisdiction, just a matter of time before someone larger/JV steps in with those grades (provided they continue). 

Share structure is still very tight, but they need to move this higher and start raising cash in serious amounts at serious prices or it will suffer dilution like many others, hopefully they have a serious finance dude onboard.

Perhaps someone was late to the financing and getting a helping hand to add some cheapies, either way I'm just starting to load more;)))

I'm not up on the area, but are we in trucking distance to an existing mill, if so this is no-brainer!

GLTA
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