Canada Nickel Company Inc V.CNC

RE:RE:RE:RE:No Evidence of this Being Viable

[Ivorygull]

Good afternoon CanadianPatriot,

could you be so kind as to tell us why you suddenly have the urge to ask all of these questions. Your questions pointed at endzone are also pointed at other long term investors, and I being one of them happen to have similar views as him/her.

You say " I'm part of an invite only discussion forum comprised of knowledgeable individuals with a mining background." and so this gives you the credentials then to ask questions related to CNC to a long term investor, rather than to the Management of CNC itself, or that of the companies involved with the PEA?

Had you really wanted to know the answers, you would be best served by contacting CNC directly. You could also watch this video and hear a lot of information from Steve Balch, VP of Exploration....https://www.youtube.com/watch?v=NnGm0FJpVno

Why did you write 'You have very low yields much lower than other low yielding mines.  You bought properties at a very cheap price why would anyone sell land with a profitable deposit for a low price.?  Why sell to Selby then to larger players with much deeper pockets?'   .............other than to sow doubt into this stock, it has little to do with what you started asking about.

GBR's Dixie Project was bought dirt cheap, at around $240,000 if memory serves me correctly. I guess all the knowledgeable individuals with a mining background from the previous owners, weren't so smart as they thought.

That leads me to all the information that you have provided as a knowledgeable individual with a mining background. What makes your information so correct over that of what CNC and their consultants have provided?

If your beef is the fact that endzone was saying FPX wasn't as good, then why dont you and other fans of FPX stay off of the CNC board trying to convert us to them, or saying how good they are and that CNC is not a good stock. That is the reason things are said. We are not over on the FPX board trying to pick an argument.

Look at the video, then come back and discuss CNC and what it has to offer. If you harp on about FPX, then you will always get a negative response.

Given that this is the CNC board, quite fair I would say.

CanadianPatriot wrote:

EndZonefor7 wrote: BHP's Mt. Keith nickel mine is .5 % and much is .4 at Crawford. Gnucky is clearly not playing with a full deck.

Let me introduce myself.  I originally was a shareholder having purchased the stock in July 2020.  

Whether or not this company will benefit shareholders is dependent on whether these deposits can result in a profitable mine.  Been following these boards ever since but have not posted.  I'm part of an invite only discussion forum (please do not inbox me not solciting members) comprised of knowledgeable individuals with a mining background.  A tremendous amount of analysis is needed to evaluate investments in companies such as Canada Nickel and I'm not seeing it on this board.

Endzone you are the most active poster here and would like your thoughts on the following:

- Taseko is an existing company mining low grade deposits.  However, low grade deposits is something rarely talked about shareholders and is a non-factor when looking at company valuation as they have other high yielding deposits in other metals and also have Netzero deposits.  Its grade is over .50 plus.  I'm not aware of CNC having .4 grades as you claim.  Let's assume its over .3.  This means that Taseko's grades are 70%  higher than CNC.nickel deposits.  Factoring Taseko's higher yield, other deposits and factoring Netzero as well as the fact that Taseko is an active mine and CNC is not, Taseko's market cap is only valued slightly higher than CNC.v.  As a comparator Endzone, why do you think that CNC should be valued greater than its $4 dollar high as you were very optimistic then when Taseko has a higher yield, more metals, netzero and is an active mine as well as a slightly higher market cap?

- How much revenue can be processed by processing a tonne of CNC ore.?  Low yielding mines require this analysis.  You are much lower than other low yield mines who are barely getting by does CNC possess some exclusive innovative technology that will lower costs?

-  You have very low yields much lower than other low yielding mines.  You bought properties at a very cheap price why would anyone sell land with a profitable deposit for a low price.?  Why sell to Selby then to larger players with much deeper pockets?

- ultramatic nickel deposits like CNC always contain a certain amount of nickel that is simply not recoverable by standard milling flotation circuits, so recoveries are usually much lower than you would see for a low-grade copper or other deposits.  I would argue the cutoff is .5 for nickel.  What is CNC's recovery rate?

- You dismissed FPX but this really intrigues me as to how CNC is suoperior to FPX given FPX also has higher grade and also has a key economic advantage that can serve as a valueable case study.  FPX  is able to create a product based on the deposit that directly ships tothe stainless steel industry as a key cost advantage. The Dumont nickel project developed a straightforward process which allows for nickel concentrates to be utilized by any producer which increases the number of downstream options.  The fluid bed roasting is much more cost effective with all of the sulfure gone.  This results in considerable cost savings about 60%. CNC does not have this advantage.  So why are you so negative towards FPX over CNC?  

- low yield mines require hich nickel prices.  High nickel prices will kill the value proposition for nickel chemistry batteries and will mean that non-nickel batteries will be used instead.  Remember Beta vs VHS?  Beta higher quality video more reliable but was not adopted becasue of the prices.  
So super high nickel prices is needed for CNC to eek a profit.  But super hich nickel means that the demand won't be there for batteries as its too expense and prices will crash and crush any nickel projects as we saw with oil a few years ago.  Again you really need to know what the costs are to mine this deposit by tonne and if you don't know that there is no way to evaluate the evaluation.