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 1930modelAon Dec 28, 2023 12:37pm

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Post# 35802777

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

I agree with your analysis of the lower costs. However I would like to management use $5 million of cash to partially pay down Ramu debt. This investment is be managed as a 1 trick pony, so let's accelerate the the pay down down of the debt so management and the Board do not start thinking they should give the cash to themselves like they did recently. There is no need for $10 million of cash in this relatively passive investment. Otherwise they should be seeking out other nickel investments or optimizing their existing investments that they seem to be ignoring.

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