GREY:FNKLF - Post by User
Comment by
mcuglyon Jan 05, 2013 4:09pm
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Post# 20801924
RE: RE: This one starting to frim up nice
RE: RE: This one starting to frim up nice If they don't find any other sources of nickel than Lockerby then one could assume that they will no longer be a going concern in 5-6 years. According to Paul Davis in an e-mail he sent me in response to some questions I had he said this:
1. We are putting in place the pieces to ensure the Company is viable beyond the Lockerby Mine. The Company continues to review a number of external assets to grow the business to a multi-asset Company. This process has been FNI’s focus for the last several months. Our goals are to select the appropriate assets that will add shareholder value and continue to grow the Company beyond its current size.
Let's hope that they are successful. Book value on this stock is $.19 so I suspect that it could be trading in the $.20 to $.30 range with any good news and/or a nickel price of $9.00/lb.