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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Comment by IgnacioCashmereon Aug 13, 2024 12:32am
116 Views
Post# 36175837

RE:I ask myself...

RE:I ask myself...They need Mineral Resource Estimates on each deposit for the market to assign a value to them. Reid & Mann will each likely have more than double the nickel of Crawford. There is currently no additional value in their market cap for all the 10+ additional deposits. Getting an MRE lets the market ascertain the value of those deposits. It will then begin to show up in market cap for CNC. They must drill sufficiently to get enough data for MRE. The spinout ExploreCo will have value based on the MRE's of its resources. This is how shareholder value is increased. The mix of polymetallic resource will differ, but they are all nickel based. When Crawford is sold, the remaining deposits will need to be viewed independently. Its a big step forward to show how much metal is at the mega deposits of Reid & Mann. Its not lifestyle drilling, its increasing the value of CNC & ExploreCo to shareholders. 
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