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 Feb 09, 2019 2:21pm

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Post# 29342367

RE:Pre-Tax NPV Sensitivity Analysis

I should add that the discount rate used for the chart was 8%. NPV(8).

A nickel price of $6.70 is currently required for an IRR of 20%. This is the point where NPV(20) = 0, and the point at which Jayant Bhanari suggest projects can expect to obtain bank financing.

AlternativeView wrote: https://tinypic.com/r/29ws3tg/9

Ran several scenarios through my spreadsheet to produce this sensetivity analysis.

Economics looks better with increasing mining rate. CAPEX for these increased production rates was scaled up in a linear fashion from old PEA.

Other inputs are: Grade of .14%, & Recovery of 85%. The 85% is likely conservative, being the actual maximum obtained by Cliffs using gravity separation. I am expecting better recovery from flotation.