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Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty on the fully permitted Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty.


TSXV:NKL - Post by User

Post by Talchioron May 12, 2022 10:36am
158 Views
Post# 34677667

Ramu analysis

Ramu analysis
https://thedeepdive.ca/nickel-28-sees-ramu-mine-improve-production-in-q1-versus-fourth-quarter/ Really interesting figures: Nickel Production Q1 2022 : 8,756 ton Q4 2021: 6,368 ton Increase of 37,5% Cobalt Production Q1 2022 : 830 ton Q4 2021: 579 ton Increase of 43,35% Sales Nickel Nickel Q1 2022: 3336 Q4 2021: 4987 Decrease of 49,4% Sales Cobalt Q1 2022: 305 Q4 2021: 478 Decrease of 56,7% Ton of Nickel in pound * Average Price-Average Cost + Ton of Cobalt in pound * Average Price - Average Cost Q1 2022: 3336/0,000454*(11,97-1,48)+305/0,000454*(36,24-1,48) = 100432687,2$ Q4 2021: 4987/0,000454*(8,99-1,8)+478/0,000454*(29,79-1,8) = 108448788,5$ Decrease of 7,9% I think it doesn't need any conclusion, there are increase of stock and limited impact on income. Please note that I have taken the cheaper cost for q4 2021
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