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 Mar 08, 2019 5:10pm

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Post# 29463656

RE:RE:The Optimum Path To Battery Chemicals

Thanks for the report. I'm still looking for a video link to Turenne's presentation at PDAC.

Everything you wrote makes sense, except for one thing: It will not be possible to increase the grade of the nickel concetrate any further. It is already just about perfect, as the PR says, "The high-grade nickel concentrate produced during the testing program approximates the composition of pure awaruite, a nickel-iron alloy comprised of approximately 75% Ni and 25% Fe"

Turenne's problem is that he needs to raise enough money for a PFS. At least $10M. And the PEA is probably his best chance to do that without a bunch of dilution. So he waits patiently for the best moment to let it fly.

I have been a buyer recently because I have convinced myself that an elemental analysis of the nickel concentrate will show somewhere between 1-6% cobalt, in addition to the nickel. This might come as a surprise even to Turenne, who might then be pursuaded to make a PR for that reason alone.

An elemental analysis of the iron ore concentrate should reveal the chromite % but might not be done right away, becasue they are still working to increase the quality of the magnetite concentrate. No such constraint exists for the nickel concentrate because, as I wrote, it really can't get any better. So they might as well just get on with that particular task now.

potluck1 wrote: Spoke with Martin Terunne at PDAC, asked about getting to battery grade nickel.

He said its something they are looking at, and should nickel prices bifurcate it is an option for them to increase the processing cost to increase concentrate grade. But no plan to do this at the minute.

He also said a 2nd phase of mettalurgical studies are underway, and could have news on that Sept/Oct time frame. So don't expect anything out of FPX until then, unless the price of nickel shoots up and stabilises.

In that case they can pump an updated PEA out in a couple of months, as they have a lot of the internal studies done already.

Lastly, he shared our dismay with the lack of trading volume after the news release. Says it's indicative of the market right now, and it is why they are not pulling the trigger on the PEA until things pick up.