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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

Post by N3tPr0pheton Oct 20, 2021 11:39pm
250 Views
Post# 34030910

Van Results

Van ResultsGiven his typically reserved demeanour, Martin Turenne seemed pretty elated during his past couple interviews about the preliminary Van results. Moreover, his reluctance to mention any specific automobile manufacturer by name during his interview with MiningStockEducation makes me think it's quite likely that the company is in serious discussions with at least one of them.

The dead space in the middle of VAN-01 is a bit irritating, but not terrible. VAN-06 is probably going to come back good, given that they continued in that direction with VAN-07. I think that VAN-04 and VAN-07 are going to be key holes in determining the extent to which mineralization continues Northward.

Looking forward to the rest of these results in the coming weeks, as well as the metallurgical quantification of iron ore in the coming months. The NPV of Baptiste alone at a 9.50/lb nickel spot is ~2.8B USD. Potential double with Van. Speculative double with iron ore byproduct. At a current market cap of 100M CAD, this stock is a slumbering giant.
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