FPX Nickel Corp. V.FPX

Alternate Symbol(s): FPOCF

Metals & Mining Industrial Metals & Minerals

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

FPX Nickel Corp.

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Comment by AlternativeViewon Feb 26, 2018 12:20pm

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Post# 27621504

RE:RE:News Releases

Nice. I see from the new pit profile that all the deep drilling done by Cliffs was useful after all. The 2018 pit is deeper than the 2013 pit and contains a lot more of the "Red" colored high grade material. This, plus the pessimistic recovery and payability parameters used by Cliffs in the 2013 PEA make me wonder if Cliff's intentially low-balled the numbers for the Baptiste MIne.

I've seen big companies do this before in an attempt to screw their small JV partners. Agnico-Eagle is doing the same thiong to BME at Barsele in Sweden. The latest RE estimate there is about 1.6M oz gold while the "internal" figure is well north of 4M oz.

Glad that Cliffs is out of the picture. But I doubt that FPX stock will run much until the placement is finished. So there might still be a bit of time to pick up more.