Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty in the Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty.

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Nickel 28 Capital Corp > name change and update on positioning the company

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Comment by AnthonyMilewskion Jan 15, 2021 6:37pm

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Post# 32311799

RE:RE:RE:RE:RE:RE:RE:name change and update on positioning the company

We move from 8.56 to 11.03 when our portion of the JV debt is paid down in full. The first tranche of debt is paid down later this year at current nickel prices. At that point we have cash flow. We believe that this is a major catalyst for the stock. The second tranche can either be paid down from cash sweeps (remember we get 35% of our cash flow once the first tranche is paid down, and the 65% goes as a cash sweep to start paying down the second tranche) or we can pay it down early or refinance the debt and pay it down. If we do nothing, at current nickel prices, it would take a few years beyond the first tranche to pay down the second tranche from cash sweeps.

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