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.

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Post by AlternativeViewon Jan 24, 2019 3:29pm

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Post# 29277508

Optimum Nickel Price Range of $6.25 - $7.50

There are 3 scenarios in the attached spreadsheet screen capture:

$6.25 nickel NPV(20) gives 20% IRR for bank-financing
$5.30 nickel NPV(8) is todays price
$7.50 nickel NPV(8) is optimum to avoid competition from Australia, as per embedded NorNickel graphic

https://ufile.io/gb3i0

I left the mining rate as per the 2013 PEA, although I would prefer to see 150KTPD, up from 114KTPD. A 48 year mine-life is too long at 114 KTPD but I left it this way for accuracy because capital costs will need to change to support increased output.

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