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First Atlantic Nickel Corp V.FAN

Alternate Symbol(s):  FANCF

Energy
First Atlantic Nickel Corp. is a Canadian mineral exploration company developing the 100%-owned Atlantic Nickel Project, a large-scale nickel deposit strategically located near existing infrastructure in Newfoundland, Canada. The Project's nickel occurs as awaruite, a natural nickel-iron alloy containing approximately 77% nickel with no-sulfur and no-sulfides. Its Voisey's West project is located about 50 kilometers (km) northwest of Voisey's Bay Ni-Cu-Co (nickel-copper-cobalt) mine and 70 km west of the town of Nain, in Newfoundland and Labrador, Canada. The property consists of about14 cells located near the town of Nain, Newfoundland and Labrador. The Company has a 100% interest of Lucky Mike property. It has the option to acquire a 100% interest in the Blackdome mineral property and Rey Lake Property. Its Atlantis Project totals approximately 13,675 hectares (ha). It also has the option to acquire a 100% interest in Pipestone Property-SSAF and Pipestone South Property.


TSXV:FAN - Post by User

First Atlantic Nickel Corp > Negative ebitda
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Comment by lscfaon May 24, 2016 7:07pm
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Post# 24901159

RE:Negative ebitda

RE:Negative ebitdaBasher bs.... Cash is down because they made a $4 mil US investment....negative ebitda at $100,000 per qtr means the $15 mil cash balance will last 150 qtrs.....
Spiegel62 wrote: Cash going down, recevables down, payables up, working capital down to 12M. At this pace is lights out in 18 months for this joke


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