Fathom Nickel Inc C.FNI

QH

[4marlin]

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

[megacopper]

  Did QH mention Fathom Nickel?

[Crashcomingsoon]

Yes, at the very end of his presenttion.  See 1:47 in Crescat Gets Activist on Gold & Silver #159 (youtube.com)    He didn't say much.  Just waiting fo Gochager Lake drill results.

[megacopper]

  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

[Crashcomingsoon]

It would also bring into question how so many could be so wrong.  I still think the current evidence points to success at Gochager Lake. In the meantime the share price will most likely drift lower.  PM mining shares have not performed well relative to price of the PMs.  That has to change at some point.

[megacopper]

Yes the price of metals is not the issue it is the lack of positive drill results at the moment. The new geological model for Gochager suggests to drill deeper and hopefully find the source of what they intersected last spring which were near vertical chutes of higher grade nickel (true width perhaps several meters to as much as ten meters imo) that extend upwards from a much larger magmatic

[4marlin]

The problem with the very good spring intersections (which led to QH´s optimism) was that they were drilled almost along (or in) narrow veins of admittedly high grade nickel. True width was likely just a few metres...as was evidenced by the follow-up program. That´s not really a problem because a well designed, BHEM-fine-tuned and much deeper drill program should/ought to deliver