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

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Comment by invest234on Jun 01, 2022 7:48am

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Post# 34722463

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 unplanned outage, so result is not bad.
q1 production returned to normal with addition of selling at higher nkl/co prices. there will be a big jump in cash once they sell their held back inventory.

urai58 wrote:
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 Debt: $76.5m

- Net profit: 11.2m USD

- Net earnings per share: $0.13

Please note: The Ramu mine has been running (very) well for another 5 months and the price of nickel is higher in 2022 than in the previous year.

urai58