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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 evnut1980on Jan 15, 2022 8:04am
234 Views
Post# 34319951

RE:RE:RE:PEA numbers has nickel price at $7.75 a lbs

RE:RE:RE:PEA numbers has nickel price at $7.75 a lbs
Analysts are still posting "base case" Price Targets on CNC's PEA nickel price assumption of $7.50 or so.  One analyst's base case PT is $6.50/share based on that $7.50 nickel price, but has a "high case" PT of $13.30 based on SPOT prices back in august of $8.75 when his report came out.    (At today's SPOT price of $10.20, that high case PT would be closer to $20)
So, I'm wondering if analysts will continue to report to the world PT's based only on the PEA nickel price assumption OR will they ever update their "base case" to reflect this new nickel price situation?  If they calculate their "base case" only on company assumptions (like the PEA), do we have to wait until the Feasibility Study for CNC to perhaps update their own nickel price assumptions? (or could that happen with this resource update due at end of Q1?)
Thanks.

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