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.

Bullboard Posts

Comment by AlternativeViewon Dec 12, 2018 3:47pm

63 Views

Post# 29105524

RE:RE:Junior Stock Review - Base Metal Reflections and Outlooks

potluck1 wrote: Bullish on Nickel and owns FPX, good to read the 'experts' are in on this. If Nickel prices can break out and reach above $8/lb as the article hopes, Decar will be very tempting, and hopefully any run up of nickel price will be timed well with positive news on the PEA update.

But looking at LME inventories over the last 6 months, they have dropped from 280kT to 210kT, down 25%. In the same period the price of Nickel has dropped from $7/lb to $5/lb, down 28%. (All those numbers are approximate for illustrative purposes)

Any thoughts on why the price is going down as inventories decrease, and demand due to EV revolution increase? Simple as Trump's trade war?

I put it down to competitive market manipulation. The same motivation that caused Tsingshan to brazenly lie recently about their ability to place new HPAL production online very quickly and at a small fraction of the true CAPEX cost. This sort of price manipulation will remain possible until stock levels are very low.

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