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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 urai58on Jan 30, 2023 7:51am
312 Views
Post# 35253489

Dividend Policy and Debt Repayment Strategy

Dividend Policy and Debt Repayment Strategy
The clarification is very good. Because when the CAPEX debt is fully repaid, Nickel 28's share in Ramu increases from 8.56% to 11.3% - at no additional cost. There is still a tax holiday until 2026. And there is another advantage: as soon as all debts are paid back, we will receive a monthly report on production and CF share. That would then be a big step towards more transparency.
 
urai58
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