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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 Rm90090on May 16, 2021 12:26pm
130 Views
Post# 33211399

RE:RE:RE:3 days and counting...

RE:RE:RE:3 days and counting...Yeah I hope you're right and it somehow is done. It's just that the stock got halted for just the MOU. Wouldn't they have to announce it if the deal got finalized? They could still announce it this week - but it's hard to organise a conference call to discuss it if they don't know if the exchange will unhalt it.

The reason I dwell on the Glencore deal is because it has the potential to reduce the PEA Capex setup cost of Crawford buy at LEAST 100 million dollars. In a past Crux interview, Mark stated that the deal could potentially bring their setup cost from 1B down to closer to 100M!

Even if it brings the Capex down to 600M for Crawford; it would make the project a no brainer to be acquired by a major. In fact their could be a bidding war similar to Voisey Bay.  
Then if you factor in the other properties......

Needless to say - I really hope that Glencore deal is done.
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