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First Nickel Inc. FNKLF

Metals & Mining Industrial Metals & Minerals
"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

First Nickel Inc.
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(23)
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Comment by Triggermanon Jul 11, 2007 1:10pm
328 Views
Post# 13071093

RE: Outlook for Ni price

RE: Outlook for Ni price $6.45 by 2010 . FNI will not be a profitable company anywhere below $10-11 nickel. Nickel stocks have doubled in the last month while ten bucks/pound has been shaved off spot price. I wouldn't say todays news was completely positive. Great that they are going to keep drilling and expanding the proven resources , but I'd say they really shot themeselves in the foot by working in the low grade ore during peak nickel prices , and now they'll be moving into better ore as this year progresses. But nickel might be half price by the time they can get the better grade ore sold. Today, the market seems to be disapointed by this management error in judgement ... I guess the rookie CEO FNI has employed doesn't have a handle on development optimization yet.
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