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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Comment by IgnacioCashmereon Dec 11, 2020 10:46pm
162 Views
Post# 32092140

RE:RE:RE:Here's my take

RE:RE:RE:Here's my take
I am hopeful you are right. CNIKF doesnt need a partner or JV to finance CAPEX. There is no need or reason to sell anything. By the time a construction decision is made, after the FS is released, the SP will be anywhere from $3-5 USD, perhaps higher. I have heard CAPEX estimated at up to 1 billion, & they can do that without harmful share dilution. Yes, maybe a few hundred million, but that is to be expected under any circumstance. Having said that, junior miners have a long history of screwing existing shareholders with deals that are great for a few, & a shaft for many. Like "CNIKF is pleased to announce the sale of 50% of Crawford to Acme Mining, a private entity, for 50% of CAPEX". That's great for Acme, & a shaft for CNIKF holders. We dont need a partner, but that doesnt mean we wont get one, so a select few can get half the pot at the end of the rainbow. I like the CNIKF team, & hope they do the right thing by us. Even if they dont, it's still a multi fold bagger. But my skeptic nose remains on alert for bad news. So far, this is almost a miracle story.
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