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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 Apr 06, 2024 10:29am
130 Views
Post# 35974714

RE:MM of JRI (on Quinton Hennigh)

RE:MM of JRI (on Quinton Hennigh)

4marlin wrote: has commented over on ceo.ca.
I do not think that it was appropriately nuanced.....well, there wasn´t any nuance!

As correctly pointed out by Crashcomingsoon, Quinton indeed sugarcoated his response.

The unambiguous, black and white, truth is that both the Albert Lake and Gochager campaigns have disappointed todate;- the former scoring a 0/10 whilst the latter has yet to find high grade in economic widths.
Put another way, results have so far fallen way short of the hypothetical geological thesis....which some time ago included references to Nova Bollinger!

Quinton is clutching at straws/the narrow width i/s which, admittedly, may still lead to the mothership - hopefully as I write.....or we will be diluted out of existence going forward.
Bb


 


Well I'm not as negative as you. Even if they don't make the big discovery during this round of drilling the geological thesis is still very much intact on both properties. And you keep saying being diluted out of existence but I will bring your attention to a couple other favourite companies that Quinton Hennigh promotes and nobody talks about their far greater number of shares. TECT and SIG (Tectonic and Sitka) have 330 million and 250 million shares respectively.

 

So Fathom Nickel has much less shares outstanding so it is a bit early to be talking about being diluted out of existence. Even if Fathom does another financing of $5 million at 10 cents it still won't have as many shares outstanding as the two companies mentioned above. And we haven't received any assays yet so we may get a surprise or two going forward. Just saying. 

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