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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

Post by NiCuAgFanon Jan 06, 2023 6:00pm
260 Views
Post# 35208069

Stoprunner

Stoprunner

@StopRunner $CNC Texmont, Mark Selby buys a project with a high grade resource and mining leases for $4 million. 28,000 meters of drilling not in the resource. 28,000 meters of drilling at $200 a meter is 5.6 million. He got the project for less than the cost of the extra drilling that was done and not included in the resource.



 

@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.

@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.
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