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Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty in the Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty.


TSXV:NKL - Post by User

Comment by ICNickon Dec 07, 2022 9:38am
123 Views
Post# 35155881

RE:RE:RE:RE:13$/lb

RE:RE:RE:RE:13$/lbI agre that $1 is not possible at this stage. However, with the debt paid off, 11.3% is NKL share. 33,000 metric tons x 11.3% = 3,729 tons or 8.2 millions pounds of nickel alone. Assuming at that time $13 /lb with a cost of $5, it leaves $8 net or $65.6 million ( that is beside cobalt). 20 cents in dividends is $18 M. There is then around $47m left. Questions: 1- what should they do with the rest of the money? 2- a dividend of 20 cents would have would effect on the stock price Interested to see comments on these 2 questions?
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