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.

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Nickel 28 Capital Corp > Nickel 28 Files Fiscal Q3 Financial Statements

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Comment by ICNickon Dec 23, 2023 12:53pm

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Post# 35799168

RE:RE:RE:Nickel 28 Files Fiscal Q3 Financial Statements

I agree with your analysis. I also do not believe nickel prices will go up in 2024. It will start going up aroung 2025 under "a normal economy".

As for the share price i do not know if 18x is the right multiple. Could you share the info with us?
Finally, I hope OPEX will be much less than $10m/year, more around $5m/year as beside G&A costs there is very litttle in terms of marketing, sales and r&d. That is if management pay themselves reasonable packages in line with what the work entails and the industry. Pelham hopefully will have a strong say here.

Thanks Nemesis for the analysis.

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