GREY:FNKLF - Post by User
Post by
mcuglyon Oct 05, 2010 10:53am
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Post# 17529486
Potential earnings
Potential earningsLooking at the numbers on FNI's website:
51.7 million lbs payable nickel over 5.5 years = 9.4 million lbs per year. At a realized price of say $10/lb (nickel is at $11/lb today) that means $94 million in gross revenue for their nickel.
34.4 million lbs of payable copper over 5.5 years = 6.25 million lbs per year. At a realized price of $3/lb that means $18.75 million per year.
1 million lbs payable cobalt over 5.5 years =182,000 lbs per year. At a realized price of $17/lb that means $3 million per year.
Total approximate gross yearly revenue = approx $116 million.
These are just from Lockerby. Apparently West Graham has indicated resources of 85 million lbs of nickel and 58 million lbs of copper.
Let's hope we get good news re financing soon. Then let the s/p rise.