VbayNo2 wrote: Sitting on $4M cash from last $0.45 pp
https://ca.finance.yahoo.com/quote/FNI.CN/key-statistics?p=FNI.CN
Balance Sheet
| Total Cash (mrq) | 4.7M |
| Total Cash Per Share (mrq) | 0.09 |
| Total Debt (mrq) | 278.62k |
| Total Debt/Equity (mrq) | 2.11 |
| Current Ratio (mrq) | 4.41 |
| Book Value Per Share (mrq) | 0.24 |
Just the Chart Image for Printing
They seem to have proven that the NE-SW trending structures are the fluid pathways controlling the mineralization. Once that is proven, they need to find places along these structures that provide enough space for economic deposits/intercepts to be found. This would be jogs/extensional zones imo. The Rottenstone domain has so much potential...
Companies that shout from the rooftop are usually spending more than half of the exploration budget on marketing, which doesn't really help in finding a deposit. This company, has far has I can tell, is doing the right thing on the ground and isn't wasting shareholder's money. Does the SP reflect that, no. The current SP represent the general market sentiment towards risk asset, and junior exploration company are extremely risky. High grade nickel project are even more risky because of the way high grade nickel deposit are formed.
This should definitely be trading higher as a cashed up explorer that believes they are on to a new nickel camp
This new discovery area is a very small fraction of our total land package - I can't think of a better place to be exploring for nickel in Canada than at Albert Lake, Saskatchewan
Boy, with a $3 m MC and $4 m in cash, if they hit anything even sniffing of commerciality, Fathom is gonna explode.fully financed for rest of year winter and then summer drilling.
Big property in great area for nickel. The Albert Lake Project covers 90,127 hectares of land in Northern Saskatchewan and is strategically located in the renowned Trans Hudson Corridor — which is host to numerous world-class nickel mining camps, including the Thompson Nickel Belt, the Lynn Lake Greenstone Belt, and the Raglan Nickel Belt. Included in the Albert Lake Project is the historic
Rottenstone Mine, a high-grade, open pit Ni Sulphide past producer with an average grade of 3.23% Ni (one of the highest-recorded grade nickel mines in Canada).