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.

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FPX Nickel Corp.

Bullboard Posts

Comment by AlternativeViewon Apr 19, 2018 9:40am

81 Views

Post# 27910092

RE:RE:I'm Looking At The Price Of Nickel In Stunned Disbelief

At $7 nickel, we are more than rocking.

Remember that FPX has never drilled even a single hole through the mineralization at Baptiste. So they have no idea how deep it goes. The recent 2B tonne resource estimate was based on a pit-costrained model using $6 nickel. And even the $6 level included a $1 / tonne profit safety margin. Conceivably they could produce another revision with an even bigger resource, using a $7 cutoff. But why bother when we have another potential pit at Van that is right on surface.

If the price of nickel holds here, and I think it might not, things should heat up quickly.

macaw wrote: Yes it looks like the price of Nickel got to $7.50 US over night and is currently at around $7.00 US. I agree that it has moved too far too fast. Hopefully it is a reminder to all of how good the fundamentals are and that $8 or $9 US may not be unreasonable in the next year or so. Even at todays prices, this project is very undervalued in my opinion.

AlternativeView wrote: My rule of thumb has always been that nickel is worth 3X copper, per pound. Just a historical average, in a balanced supply-demand setting, with an inherent prediction of about $9.50 nickel based on today's price of copper.

But I did not expect the gap to be closing so quickly, given the still substantial oversupply of nickel in warehouse storage. This price move up could easily be a manipulative scam, so be careful, as the price could just as quickly drop back down again in the short term.

Longer term, we are still looking very, very good.