Exposure for FNI?Not really sure how much "value added" these guys at Pinnacle Digest really provide, it's a "freebie" investment service, although one of their "advisors" did put in a call to me last week - article on FNI attached below + link (almost seems like they just regurgitate existing "known" news - they could well be "armchair" investment advisors, operating out of their basement, with a glitzy website!), but at least it provides some sort of additional exposure, which I guess can't be bad!
Victor
"FIRST NICKEL INC.
Sector: Mining
16/05/2007
Current Price: 1.48
First Nickel Inc. (TSX: FNI) experienced a significant loss of 8.64% Wednesday while 9,563,433 shares traded hands. On May 15th they announced that they had filed with the Canadian securities regulatory authorities their unaudited financial statements, and management's discussion and analysis for the three months ended March 31, 2007. This has caught the attention of our researchers at PinnacleDigest and we have since begun evaluating this company in respect to their position within the market. We are focused on this company’s immediate future objectives and will be reviewing them further.
The first quarter of this year was very positive for First Nickel, as they recorded net after tax earnings of $530,269, compared to a net loss of $842,887, in the same three month period ended March 31, 2006. We are interested in how these results will affect this company’s development moving forward.
In respect to the mining and resource sector, at PinnacleDigest we are constantly monitoring takeover bids and acquisitions as larger companies look to expand their holdings and increase production. Our approach on the markets is very sector orientated. We understand how critical the sector or industry is to a company’s success and are constantly updating our research upon them.
Let’s turn back to First Nickel Inc. and learn more about this company’s current objectives. We are very focused on their operating costs which in the first quarter of 2007, including treatment and refining were $403 per tonne of ore milled. Or a net cash cost of US$9.51 per pound of nickel produced. This compares to $313 per tonne of ore milled and net cash cost of US$6.66 in the first quarter of 2006. These unit costs are still high, but reflect the lower output rather than increased site costs. It is still expected that the 2007 production forecast of 152,000 tonnes will be achieved and that the unit costs for the whole of 2007 will stabilize around US$6 per pound. We will be closely monitoring this situation as this company’s profit margins and overall ability to promote growth and expand depend on it."
https://pinnacledigest.com/content/node/2800