The Largest Undeveloped Nickel Mine in a G7 Country Q90 wrote "It's always tempting to take profits. But some stocks have so much potential & it's so rare you basically get a guaranteed mine here are the reasons I won't sell this one to the end:"
- US government just declared nickel a critical mineral and talked to Mark Selby recently.
- Tons of money + gov support in US now going into EV's
- Electric vehicles are gonna explode the next 2-3 years with many manufacturers putting tons of vehicles online
- NO matter what tech is upgraded on batteries in the future if you want fast charging + long range you need nickel in the cathode
- There is no nickel projects in North America better. Most of world supply is in unsafe / non-green not political / :socially" acceptable countries.
- They have 5 more townships to explore and include in the resource. They have only included 1 (Crawford) the other townships also show potential to host even higher grade material
- The first 10 years is already much higher rock value / grade with platinum palladium
- Nickel demand will only get much tighter in the coming years without new supply coming to meet it.
- The MOU with Glencore to use their infrastructure is going to save hundreds of millions of dollars off CAPEX and shave years off the timeline to production
- FACT *** --> Considering all information. $CNC = The largest undeveloped nickel mine in a G7 country with the shortest timeline to production will have the lowest CAPEX.
- PEA due in Q1 2020