Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

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.

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Nickel 28 Capital Corp > Full repayment of CAPEX Debt likely by Q1 2024

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Comment by urai58on Jun 01, 2022 4:18am

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Post# 34722278

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

Talchior wrote:
(...) I think you have forgotten the cobalt part

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 cash cost of nickel (primary product) according to extract NR of May 9, 2022 :

Actual cash cost, net of by-product credits of $1.48/lb. of nickel produced as MHP, a cost reduction of 12% from Q1 2021.

But I've rounded up the cash cost to $2/lb Ni - to be on the safe side and to compensate for any price fluctuations.

urai58

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Mining play provides exploration update