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Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the southwest of Canada's Yukon Territory, approximately 317 kilometers (km) northwest (NW) of the capital, Whitehorse. The Nickel Shaw Project is a large undeveloped nickel sulphide project, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw Project has access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.


TSX:NCP - Post by User

Bullboard Posts
Post by HCallahann44on Feb 07, 2020 7:18am
134 Views
Post# 30656690

Thanks Heywood Silvers

Thanks Heywood Silversfor your input...I don't trust brokers completely--but this guy is familiar with the junior space. He compares NC to a Colossus Minerals...A company that went bust a few years back. Tremendous resource in Brazil --backed by a lot of smart money...no debt...but the huge expense associated with moving the mine forward eventually busted up the company and the commons ended up with zero. Now they did have a few flooding events that drove that situation...but NC has hardly any cash and can barely pay salaries. They will need to keep diluting to keep the lights on....and its hard to raise cash with dilution when your shares are worth pennies. I am extremely frustrated with this stock because the deposit is fantastic...along with favorable jurisdiction and proximity to infrastructure...but I lost big on another issue where the fundamentals were even better--Global Minerals...another Sprott and Exploration Insights pick...high grade silver...excellent jurisdiction and infrastructure...but everyone sitting around saying the price of silver needed to go up to X----but they drained all their remaining cash while they continued to wait....and went bust. What I don't understand here is why management doesn't simply sell this company---to some deep pocked large cap that can wait for market conditions to improve....it seems we could get a nice multiple from that...but sitting burning up cash while "waiting" for market conditions to improve likely ends up in a death spiral for this stock....There are reasons why its trading for pennies....if it was a true 16 bagger.....it wouldn't be languishing at 6 cents....rebuttals welcome.
Bullboard Posts