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Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

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

Bullboard Posts
Post by cupricityon Feb 20, 2014 11:12am
217 Views
Post# 22230059

Shakespeare

ShakespeareHey Mud!  Great to see you back.   If only Tickle were here to tell us of the error of our ways.
          This should be a good point to relay a little story on Shakespeare,  Wesley Hall, who is on our board, was involved in a proxy dispute with another "shady outfit" over the future of Ursa Major Minerals(UMJ), whom WG acquired in 2012 around PDAC time.
           These guys wanted to take control of UMJ from our bumbling, honest and over worked CEO Richard Sutclifffe.  At that time we were hauling ore from Shakespeare to Xstratas mill in Sudbury and making a tidy little profit.  Nickel was 10 bucks though and copper was 4 dollars ish.
           Wes Hall ended up liking Shakespeare (and it's ultra low valuation) so much that he made a large purchase of shares just before the meeting to ensure that Richard Sutcliffe stayed in control.            If we take the WG to UMJ conversion at the time of Wes Hall, who is on our BOD, his average weighted cost of WG shares is around 6 dollars.

            As for Shakespeare Mud is right, currently it is a small mine that would be economical with a small mill.  I would doubt that the value of Shakespeare could ever be more than 50 million and while I was a UMJ shareholder it average 5 to 10 million.  Not worthy of very much discussion particularly.  The good news is that if we saw a nickel price rebound it could supply us with 10 million a year in cash flow which would see us out to BFS and a buyout.

           As for speculation, this "little" play is pretty darn fantastic if you are lion hearted, unleveraged, and patient.  I've said it once, I will say it again, a patient man can have anything he wants.       =)
Bullboard Posts