Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s): NCPCF

Metals & Mining Industrial Metals & Minerals

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the southwest of Canada's Yukon Territory, approximately 317 kilometers (km) northwest (NW) of the capital, Whitehorse. The Nickel Shaw Project is a large undeveloped nickel sulphide project, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw Project has access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.

TSX:NCP - Post by User

Nickel Creek Platinum Corp

Bullboard Posts

Comment by Bottleson Jan 30, 2012 4:37pm

249 Views

Post# 19466975

RE: NKL Target $6.40

Dutch,

Thanks for the post!

Here the comments:

"We're also excited about the potential of Prophecy Platinum. Prophecy has the Wellgreen deposit in the Yukon, which contains 12 Moz of combined PGMs and gold plus 2.4 billion pounds (Blb) of nickel and 2.2 Blb of copper. The in-situ value is around $50 billion and we think a preliminary economic assessment due out in Q112 will show some strong economics for an optimized open-pit. The company is carrying out other work to derisk the project, including metallurgical studies and additional infill drilling for which we'll start seeing results early this year.

TGR: So, that one is well priced at this point and a buy as far as you're concerned.

MZ: Absolutely. The price drifted down after the excitement over the updated resource estimate, but it's come down to a level where we think it offers very good value. We have a $6.40 target price."