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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

Comment by megacopperon Mar 15, 2024 9:53pm
92 Views
Post# 35936147

RE:QH

RE:QH

4marlin wrote: optimistic about Gochager....which is justified.
For sure I am hopeful too, but one should be cognizant that poor assays will likely signal the end for the company - given that raising $ will be an unassailable task in that scenario imo.
Bb

 


QH was very optimistic about Gochager last summer. If drilling at Gochager is a bust it won't be the end of the company but things would get ugly. In that scenario the next financing would most likely be at 5 cents instead of 15 cents and the amount of new cheap paper would be huge and the number of outstanding shares would skyrocket. That is just the nature of mining juniors. Eventually the share count becomes so high they need to do a rollback. We aren't there yet of course but another couple financings and things will be getting desperate.


So Fathom does have a lot riding on this current round of drilling at Gochager. We are down but not out by any means. They better make the next few holes count. They will hit nickel sulphides but it better be a good interval similar to last spring or it will be dead money for awhile. And they could hit something significant and send FNI north of a buck. So it's a roll the dice kind of moment for FNI. I don't like being negative but that is the way I see it. 

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