Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

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

Nickel 28 Capital Corp > Nickel 28 Confirmation of Largest Ever Ramu Cash Distr.

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Comment by lumpy13on Apr 19, 2023 5:28pm

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Post# 35403933

RE:RE:RE:RE:RE:Nickel 28 Confirmation of Largest Ever Ramu Cash Distr.

Furthermore, once the remaining $51m construction debt is paid off, NKL's interest in Ramu increases from 8.56% to 11.3%
First, wouldn't it make more sense applying excess cash to paying off the loan?
Second, what is the interest rate on the construction loan? Is there a logic in incurring debt to payoff the loan faster It;s prepayable without penalty), thereby increasing its share of Ramu 32%?
At minimum, mgmt should undertake an analysis for shareholders to indicate the pros and cons of each.

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