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

<< Previous

Bullboard Posts

Next >>

Comment by rockport1on Nov 05, 2020 6:41am

84 Views

Post# 31840654

RE:RE:RE:RE:Better Price Than The Private Placement

Nickelodeon, appreciate all the great work you are doing here. I'm not a base metals guy (more precious metals) so a lot of the technical detail you talk about is over my pay grade. I am curious why you think the iron ore by-product would be an easy stand-alone PEA.

From my reading of the NI 43-101, the iron-ore by product would be a massive change to development. I believe the amount of product hauled off-site would be about 200 t/d for the Nickel product and over 5,000 t/d for the iron-ore product (if I understand your envelope calculations). This would mean a 25-30 fold increase in container traffic alone.

Doesn't this imply that signficiant changes would be required to the mining plan that would mean a simple iron-ore PEA would not really be that simple? A much more integrated PEA would be needed?

Thanks for any insight you can provide.

<< Previous

Bullboard Posts

Next >>

Level up your trading with BMO InvestorLine’s enhanced features