GREY:FNKLF - Post by User
Post by
bbzzzzon May 23, 2006 1:34pm
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Post# 10893354
The Good news suppressed - why?
The Good news suppressed - why?Look at the chart of FNI and one would think that copper and nickel prices have dropped.
Look at the projected cash flow news release (02/17/06) and substitute the current Cu and Ni prices ..Ok take off 15% and adjust for higher energy costs and a lower US$ for rest of 2006. I arrive at a 60 to 80 % higher projected cash flow. Ok I am assuming production to stay the same as projected.
GREAT NEWS !!!
Now add an infusion of approxiately $30 million for development and exploration for Lockerby and other Sudbury properties .
Remember Sudbury is not in South America. It is in a proven deposit area - see history of the Nickel Basin for the past 100 years.
Great News!
Everyone wants a piece of the Sudbury Basin in terms of the Large Cap stocks like Inco and Falconbridge . What about the small cap stocks that have an actual operating mine ?? Is that rocket science ??
Where is the good news ? Suppressed ... why ???
A curious investor ...