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First Nickel Inc. FNKLF

"First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America."


GREY:FNKLF - Post by User

Bullboard Posts
Post by bbzzzzon May 23, 2006 1:34pm
472 Views
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 ...
Bullboard Posts