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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 Mar 04, 2021 11:20am
154 Views
Post# 32715056

RE:nickel

RE:nickel
TLDR 1.25 billion pounds. How much nickel do they have? The SEDAR filing gives us an estimate: 1,683 ktons, or 3,366,000,000 pounds. That is the resource in the ground. Not all that is available for recovery. 11% of nickel in the high value zone is locked in silicates & cannot be recovered. Up to 41% of nickel in the lower value zone cannot be recovered. So, we could estimate 74% of nickel in the ground is available for recovery, 2.5 billion pounds. But, the recovery rates for nickel are low, in this case about 50%. That gives 1.25 billion pounds over the life of mine at the Crawford Project. If you go to the SEDAR site & look up "Canada Nickel", at the bottom of the page you will find the technical report that includes the resource estimate. The resource also includes 327 million tons of Iron, 85,000 tons of Cobalt, 252,000 oz Palladium, & 108,000 oz Platinum.
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