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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.


TSXV:FPX - Post by User

FPX Nickel Corp. > Better Price Than The Private Placement
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Comment by NickelShillon Oct 30, 2020 12:48am
138 Views
Post# 31811281

RE:RE:Better Price Than The Private Placement

RE:RE:Better Price Than The Private Placement
Nickelodeon wrote:
I don't think is is possible to go wrong buying FPX.  If there are any new mine permits issued at all, FPX will get one.  Probably top of the list from an environmental standpoint.  Based on NPV FPX is now worth $12/share.  $6 if they can keep half in JV negotiations.

We might double this valuation with Vann, and then double it again with iron ore by-product.  How does $24 per share sound?


Interesting that you think the iron ore portion could be worth as much as the nickel that the company is named after...

If this is the case, why did Cliffs sell its intetest in Baptiste as part of their mass divesting of non-core assets?

Any insight as to what a break-even iron price might be? I see it had recently crept up to ~125 per tonne...
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