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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 mcuglyon Jan 26, 2012 10:53am
423 Views
Post# 19452058

RE: RE: RE: RE: RE: News Release

RE: RE: RE: RE: RE: News Release

Spot price of nickel is currently$9.75. If this holds then the future looks even brighter. This time next year they should be at full production and making a profit. So we have a producing mine with $25 million unrestricted cash on hand. Their current production costs are just over $7/lb. Compare that to CanNickel whose costs are above $13/lb. JMHO but we have nowhere to go but up. The current share price does not accurately reflect the current value. JMHO

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