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Fathom Nickel Inc C.FNI

Alternate Symbol(s):  FNICF

Fathom Nickel Inc. is a Canada-based exploration company. The Company is targeting magmatic nickel sulfide discoveries to support the growing global electric vehicle market and to secure the supply of North American critical minerals. The Company has a portfolio of three exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: Albert Lake Project, Gochager Lake Project, and Friesen Lake Project. The Albert Lake property consists of approximately 90,000+ hectares, located within the Rottenstone Domain, which defines the western margin of the Trans Hudson Corridor. The Gochager Lake property, consists of 34 contiguous mineral claims totaling over 22,620 hectares. Its 10,000+ hectare Friesen Lake Project is located 40 kilometers (km) southwest of the historic Rottenstone Mine and 30km northwest of the Gochager Lake deposit.


CSE:FNI - Post by User

Post by megacopperon Jun 19, 2023 1:11pm
227 Views
Post# 35503607

Sirius buyout valuation

Sirius buyout valuation

Sirius had almost 400 million share outstanding when it was bought out. Fathom Nickel has roughly 100 million shares so a $2 billion valuation would put FNI up around $20 a share. Anyways that is just pure speculation and it is way too soon to be talking about buyouts. It's safe to say any large nickel deposit similar to Nova Bollinger grading around 2% nickel would be worth billions and FNI's share price would be well north of $10 a share.


 

@beaglehound @MurrkyWaters...$20+? Sirius went from .05 to $5.00 because of the Nova Bollinger discovery. Assuming Fathom hits something significant, both quality AND size need to be factored in. A SP of .04 to $4.00 would be a 100 bagger if both criteria are met. Factor in that nickel is worth about 2.3x more today than back in 2012 and that 100 bagger construct would (should) be adjusted accordingly. However I'm not sure $20 per share is realistic. Even on a best case scenario. What I really like besides the potential of Gochager is that Fathom still has Albert Lake to fall back on if things don't quite turn out as hoped for with Gochager.

@beaglehound @MurrkyWaters...$20+? Sirius went from .05 to $5.00 because of the Nova Bollinger discovery. Assuming Fathom hits something significant, both quality AND size need to be factored in. A SP of .04 to $4.00 would be a 100 bagger if both criteria are met. Factor in that nickel is worth about 2.3x more today than back in 2012 and that 100 bagger construct would (should) be adjusted accordingly. However I'm not sure $20 per share is realistic. Even on a best case scenario. What I really like besides the potential of Gochager is that Fathom still has Albert Lake to fall back on if things don't quite turn out as hoped for with Gochager.
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