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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Comment by AlternativeViewon Feb 17, 2019 4:41pm

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Post# 29377528

RE:The PRGT Pipeline Could Come Up Anywhere It Needs To

https://www.thenorthernview.com/news/port-authority-imposes-ban-on-development-around-lelu-island/

The ban described in the recent article linked above does not include Lelu Island itself. Lelu Island remains part of the federal lands under jurisdiction of the Port Authority of Prince Rupert.

I followed the Petronas project on Lelu Island very closely, as a result of my firm conviction that the PRGT that would feed it would be transformational to the economic prospects of Decar.

At the time that all the problems emerged with the proposed marine loading facility on the edge of Flora Bank, I thought to myself, "Why not just tunnel under Porpoise Channel to a shared loading facility on the south portion of Ridley Island." One loading facility could have supported both the cancelled Petronas facility on Lelu Island, as well as a second facility on the old BG/Shell site. This would also be the most efficient use of lands under control of the Prince Rupert Port Authority.

Perhaps Exxon-Mobil will pick up both sites, build out a shared marine loading facility, and keep the second site for a possible future expansion of capacity. This resumption of 2 pre-existing environmental applications should provide a big advantage for project timelines.

AlternativeView wrote: https://www.transcanada.com/globalassets/pdfs/natural-gas/prince-rupert-gas-transmission/transcanada-prince-rupert-gas-transmission-project-map.pdf

Here is a PDF of the PRGT route. Note that it goes subsea on the western end and is shown emerging at Lelu Island. This can and will change to suit the new customer. And I have no doubt that Transcanada has a firm commitment from some party that still wants to remain anonymous.

There are plenty of excellent locations for the new plant, because of all the project cancellations when the price of LNG landed in Asia took a nosedive a few years ago.

My bet is on Exxon-Mobil being the new proponent. I say this because they were the last to cancel their previous project, which was badly sited anyway, from a safety standpoint anyway, as it would have required LNG tanker traffic to pass in front of Prince Rupert waterfront.

Strangely, Exxon-Mobil withdrew their project well after LNG prices in Japan had recovered. At the time I suspected they did this because they had secured a better option. The obvious choice would be the old Shell/BG site on the southern part of Ridley Island.

https://www.cbc.ca/news/canada/british-columbia/shell-ends-development-of-prince-rupert-lng-project-1.4020820

And if Trudeau and his moronic, unqualified Environment Poodle won't cooperate, the PRGT pipeline could easily surface on the Alaska side of the border. Checkmate.