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Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

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.


TSXV:NKL - Post by User

Comment by rsaleron Jun 01, 2024 2:05pm
87 Views
Post# 36067659

RE:RE:Based on update Ramu resources

RE:RE:Based on update Ramu resourcesI believe the tax begins in '26. However, once the construction debt is paid off, probably in '25, Nickel 28's ownership rises to 11.3%. So the tax is mostly if not all wiped out by the automatic increase in ownership. As for the 15 years reserves, most of the property hasn't been explored yet. The real life of mine will go well beyond 15 years.
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