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First Atlantic Nickel Corp V.FAN

Alternate Symbol(s):  FANCF

First Atlantic Nickel Corp. is a Canadian mineral exploration company developing the 100%-owned Atlantic Nickel Project, a large-scale nickel deposit strategically located near existing infrastructure in Newfoundland, Canada. The Project's nickel occurs as awaruite, a natural nickel-iron alloy containing approximately 77% nickel with no-sulfur and no-sulfides. Its Voisey's West project is located about 50 kilometers (km) northwest of Voisey's Bay Ni-Cu-Co (nickel-copper-cobalt) mine and 70 km west of the town of Nain, in Newfoundland and Labrador, Canada. The property consists of about14 cells located near the town of Nain, Newfoundland and Labrador. The Company has a 100% interest of Lucky Mike property. It has the option to acquire a 100% interest in the Blackdome mineral property and Rey Lake Property. Its Atlantis Project totals approximately 13,675 hectares (ha). It also has the option to acquire a 100% interest in Pipestone Property-SSAF and Pipestone South Property.


TSXV:FAN - Post by User

Comment by ytriguyon Jun 21, 2021 7:25pm
256 Views
Post# 33424949

RE:RE:I WOULDN'T BE TOO CONCERNED

RE:RE:I WOULDN'T BE TOO CONCERNED Maybe you missed it, but when the FEDS mentioned inflation it sent the markets and gold prices into a tailspin. Over $1000 per ounce drop in gold price and all gold miners were impacted. So you're right, it wasn't just the drill results.

If you buy at the current price you could  bring your average investment down considerably. It's what I did.

Why would anyone say IT'S OVER when Arc is still drilling? No miner gets great results every drill hole and no stock goes up every day. If they hit a seam this stock will go up faster than it came down. Also, less than a million shares traded today. All it takes is 5 or 6 skittish investors, and penny stocks are full of them.

The drop in Stock Price does nothing to change the fundamentals. So I sure wouldn't be selling at a loss at this point.
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