Consider FPX NickelAnyone who is looking to get some exposure to Nickel in 2018 should consider FPX Nickel (FPX on the Venture). Management is very disciplined and are following the Ross Beatty hoarding model in which they kept the burn rate of the company very low through the tough times and start to advance the project again when times get better.
Some key points:
-huge 2 billion ton deposit including indicated and inferred containing over 5 billion pounds of Nickel
-in central BC very close to numerous mines
-top notch board of directors who have succeeded in creating wealth with mineral projcts in central BC before
-potential to be in the lowest quartile in terms of operating costs, would be the 15th biggest Nickel mine in the world based on output
-2013 PEA indicating an after tax NPV of over $500 million based on an assumed nickel price of only $7
-market cap of only 12 million CDN which is about .2 cents per pound in the ground which is only a tiny fraction of what its peers trade for
-massive potential to expand the main deposit and three other nearby large potential deposits that truly gives this property "district" type potential
Now consider:
-the company has found a near surface extension to the deposit that is about 50-60% higher grade then the rest of the deposit that can be a starter pit to enhance the economics
-the current PEA has many other easy areas for enhancement beyond the higher grade starter pit (check out their new powerpoint presentation)
-company has decided to move forward with a new PEA
-going to vancouver resource show for first time in 4 years in a couple weeks.
Exciting new year for Nickel and FPX. I am long as hell. Not trying to pump, just spread the word about an interesting opportunity