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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.
Bullboard Posts
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Comment by mcuglyon Dec 14, 2011 1:48am
495 Views
Post# 19320081

RE: RE: RE: processing FNI ore

RE: RE: RE: processing FNI ore12000 tonnes @1.8% nickel and a 70% recovery rate equates to approx 332000 lbs of nickel. At $8.00/lb tha means revenue of approx $2.5 million.  for the quarter that relates to approx 47.5 million not factoring in the copper revenue. It will only get better as production increases. It's hard to believe that this stock is only trading at .$11/share. I see no real downside to this company which has no real debt and much upside potential.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities