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.

TSXV:NKL - Post by User

Nickel 28 Capital Corp > Financial statements overall!!!

<< Previous

Bullboard Posts

Next >>

Post by ICNickon Jun 29, 2024 10:13am

286 Views

Post# 36111983

Financial statements overall!!!

A few comments:

1- Bravo to the management for filing on time and showing accountability!!!

2- With regards to 2023, it is what it is and we will live with the results of a business which it seems, was mismanaged by the old execs of N28.

3- Looks like during Q1 of 2024 expenses have gone down drastically. Just there could be millions per year in savings.

4- Nickel price is low but thank god Ramu is a low cost producing mine.

5- $10M in cash and a total debt of $45M, the debt will be paid soon, about a couple of years.

6- I wonder what is happening with the 2 musketeers who did not settle yet with management?

7- I look forward to hearing about the company's directions in the near future, meanwhile my thanks for the work that has been done so far by the interim board/management.