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Bullboard - Stock Discussion Forum Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.

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Analysis

https://seekingalpha.com/article/4516690-nickel-28-is-currently-undervalued  rate and reply

Skin in the game

It is always emphasised by companies - including Nickel 28 - how high the insiders (management directors) have a stake in the company. This circumstance is called "skin in the game". Low...read more

RE:RE:RE:Year-end 2021: Net income $0.13 per share

i think his analysis does not use the 35% cashflow received by nkl because he multiplies his number by 65%. using the 35% to pay down debt as well should result in faster completion of debt payment...read more

RE:RE:Year-end 2021: Net income $0.13 per share

just to be clear your analysis assumes that the 35% of unencumbered cashflow is not being used to accelerate the repayment of the construction debt?  I think it would be beneficial to understand...read more

RE:Year-end 2021: Net income $0.13 per share

technically they received a cash distribution of $3,462,576 from MMC subsequent to January 31, 2022 which is after q4 end, so the 7 mil would appear in q1 2022. q4 was the big drop in production from...read more

New Press Release - Nickel 28 Announces Financial Results and Large Debt Repayment

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) has released its results for the year ended January 31, 2022. The Company's President, Justin Cochrane is pleased to announce that “with continued significant cash generation from Ramu in 2021, and higher nickel...read article.

RE:RE:RE:Full repayment of CAPEX Debt likely by Q1 2024

my apologize! Thanks for the clarification, I totally missed this point from the beginning! I fear that not being fluent in English is not always helping to understand the full detail.  rate and reply

RE:RE:Full repayment of CAPEX Debt likely by Q1 2024

Thanks for your feedback @Talchior. No, I didn't "forget" cobalt. Ramu Cash costs are shown net of by-product (Cobalt). This means that the revenue from the cobalt is deducted from the...read more

RE:Full repayment of CAPEX Debt likely by Q1 2024

Thanks for the exercise. I think you have forgotten the cobalt part : 3,2 t production by year of. Cobalt $30/lb cobalt (current price is higher) 2$/lb cost (1,6t * 2205 * 28 * 8,56% * 65%) = 5,5 Mo...read more

Full repayment of CAPEX Debt likely by Q1 2024

Let's do a small virtual calculation regarding potential full repayment of the CAPEX Debt with the following parameters (Q1 2022 basis, performance data rounded up, CC rounded up):  ...read more

Year-end 2021: Net income $0.13 per share

The audited financial statements for 2021 as of January 31, 2022 are filed on SEDAR. Today there should be a NR.   Here are the key numbers:   - Cash: 7.6m USD   - CAPEX...read more

rebound from dip

nickel price and nkl rebounding from recent dip. china coming out of covid lockout helps with metal price. was great buying opportunity, luckily got some at $1.08 and $1.10. nkl upcoming fcf looks too...read more

RE:FCF as of 1.1.2022 not yet included in ppt May 2022

Parfaitement exact urai58.  rate and reply

RE:RE:RE:FCF as of 1.1.2022 not yet included in ppt May 2022

Pay the debt is the more interesting one. There are 3 reasons: 1) less interest paid. 2) As soon it's paid, the percentage increase. 3) There is a tax exemption for few years. Pay earlier will...read more

RE:RE:FCF as of 1.1.2022 not yet included in ppt May 2022

All great, and I would like to add that 23m is a 35% increase vs LY.  rate and reply

RE:FCF as of 1.1.2022 not yet included in ppt May 2022

2024, we are almost there....., and meanwhile, we can already expect 23million in cash flow this year (slide 2), which can be used for a dividend, a new share buyback or accelerated debt repayment...read more

RE:FCF as of 1.1.2022 not yet included in ppt May 2022

Thanks for the analysis, greatly appreciated. Patience will pay off!  rate and reply

FCF as of 1.1.2022 not yet included in ppt May 2022

The presentation as of May 2022 has been adjusted. Especially with regard to the outlook. A base scenario of $12.50/lb Ni and $35/lb Co is assumed. But the question arises whether the cash flow...read more

Présentation updated

prsentation updated (I haven't not read it already) https://www.nickel28.com/investors/presentations-and-webcasts/  rate and reply

Taking back some lost ground

The valuation just got to low, trading around  1 X Earnings once the debt is fully paid off. If the ESG-mob does their job they will keep russian NI-production out from EV-battery market for a...read more