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FPX Nickel Corp. V.FPX

Alternate Symbol(s):  FPOCF

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

Comment by Nickelodeonon Feb 05, 2021 12:51pm
421 Views
Post# 32485038

RE:RE:Nice report on FPX

RE:RE:Nice report on FPXA bit more derisking and we should have 20%, or 4X $.80 = $3.20 / share
PFS should get us to 30% NAV, or 6X $.80 = $4.80 / share
Double that if Van proves up
Double it again for the iron ore byproduct, if they go the HBI route

Current potential upside here is $20 / share, excluding cobalt credits, nickel price in excess of $7.75 used in the PEA, and added potential that the entire Decar land package could yield additional, world class ore bodies.

From a geological perspective, mineralization is dependent on water percolation.  Water percolates in fractured zones.  Fracturing is rock weakness that erodes when exposed at surface.  The surface expression of the ore bodies at Decar a well correlated with surface drainage.  Look at the map with a view of these drainage systems to glimpse the ultimate future potential of the land holding.
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