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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. > News Release
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Comment by nickeltraderon Jan 26, 2012 3:57am
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Post# 19450772

RE: RE: RE: News Release

RE: RE: RE: News Release

Production costs still sound much too high. They hope to be at $6/lb. by year end, meaning that they're higher than that right now. All this new infrastructure was supposed to allow them to bring the price down. Yet, it's no better than it was when they were forced to close due to inefficient mining during falling market prices. Combine that with talk of them buying someone else, instead of being bought themselves, and I'm becoming even more concerned than I aready had been. Entering my 4th year with this dog. Sigh. Hopefully the new management will be able to pull off what the outgoing management was never able to do. Specifically, run a profitable mine!

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