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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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Comment by mcuglyon Sep 29, 2011 2:54pm
436 Views
Post# 19100202

RE: RE: RE: RE: RE: RE: Lockerby back online

RE: RE: RE: RE: RE: RE: Lockerby back onlineDebt free is significant in this industry. Why this puppy continues to trade below book value is frustrating to say the least. However, this is a tough market and even good news fails to bring an increase in share value. I guess we'll have to wait until the 4th quarter results are out to see any significant share price increase. According to the latest info they will be producing about 400 tonnes per day, or 14000 lbs of nickel/day. At current nickel prices they would generate gross revenue of approx. $10.7 million for the quarter. By mid 2012 they expect to produce approx 800 tonnes/day. Here's hoping they stay on track without any hiccups, and that nickel prices improve next year. Long term shareholders should be rewarded. GLTA.
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