Canada Nickel Company Inc V.CNC

Locked cycle tests - News Release 12/1/20

[MOshowme]

In the news release today Mr. Selby wrote, "While we had expected to release the results of some locked cycle tests today, some lab changes that were made in order to simplify executing this specific set of tests had an unintended impact and require the tests to be re-run."

Someone on CEO.CA said I guess this got investors nervous and they took profits at $1.87.

But I read about locked cycle tests at Locked Cycle Testing -Flotation (911metallurgist.com) where it said, " Yet, producing a valid metallurgical projection is one of the most important parts of the process. This result is the “final numerical summary” of the test’s performance and it’s possible to achieve it by using three different procedures – n-product formula, SME procedure and concentrate production balance -, which will later provide the same projection for a test at a steady state."

So I say lab changes because of an unintended result is no big deal based on what I read, except for a short delay before the end of year. OK so maybe they just switched to another type of locked cycle test. 

Anyone want to share their thoughts about this?