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FPX Nickel Corp. V.FPX

Alternate Symbol(s):  FPOCF

FPX Nickel Corp. is a Canada-based junior nickel mining company. The Company is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same style of naturally occurring nickel-iron alloy mineralization known as awaruite. It holds a 100% interest in five nickel properties, four of which are located in British Columbia (Decar, Wale, Orca, Klow), and one located in the Yukon Territory (Mich). The Company’s primary project is the Baptiste deposit (Baptiste or the Project) located within its flagship Decar Nickel District (Decar). The Mich property is located approximately 55 kilometers (kms) southeast of Whitehorse in the southern Yukon Territory. The Orca property is located approximately 35 kms east of Dease Lake and nine km from the Eagle target on the adjoining to Wale property. Klow Property is located approximately 120 kms northwest of Fort St. James and 55 kms north of the Decar Nickel District.


TSXV:FPX - Post by User

Bullboard Posts
Post by yungcashon Apr 21, 2012 6:14pm
339 Views
Post# 19820511

Metals Credits

Metals Credits

I recall in the past, there has been posts about other metals credits (chromium I think was one). Can someone repost their assumptions? Or direct me to a prior post or a news release that might contain information on what byproducts will be produced? I have done a model of the potential economics of Decar only using the nickel-iron alloy (looks good even with conservative assumptions). I would love to include assumptions on by-product metals credits to really see how good it can get.

The great thing about modelling Decar is that Cliffs is taking care of funding it right through the bankable feas study so we can just sit back and let the resource grow through infill drilling. The eight other properties are highly prospective as well. Although Wale and Letain are quite remote, the size of Wale and the grades at Letain are very exciting. I'm looking forward to announcements of further sampling and initial 2000m drill programs at thsoe properties.

Thanks and good luck to all. I've been an on and off shareholder for about 5 years, but have more recently greatly increased the size of my position and plan on holding it for the long run. FPX will be a great success story.

-yc

Bullboard Posts