Fathom Nickel Inc C.FNI

Gochager + Rottenstone ....

[solotrader]

Fathom is building up their portfolio in a big way  !!!

Drilling at Gochager and with findings at the old Mal Lake Nickel mine!
" pXRF*** detected cobalt values up to 2,984 ppm (0.29% Co) associated within nickel-copper mineralization in historic drillhole JC-Mal-6 drilled in 1967. "
" pXRF detected several significant zones of nickel (>10,000ppm)-copper-cobalt (>1,000ppm) mineralization in historic Mal Lake drill core that was not previously split for assay."
 
Rottenstone has high grade nickel …
“  Drillhole AL24077 intersected 0.42% Ni over an intersection of 2.01 meters      ……   of importance, the AL24077 nickel intersection has a very high nickel tenor (~10%).”
And RAMP.v   found gold in Rottenstone.
 
Adding property at Friesen Lake for Nickel and Cooper.
With Drilling to come in the future. (Property to the west of Ramp Metals!)

[Crashcomingsoon]

The big problem:  Lack of financing

[Crashcomingsoon]

Ian says: Mal Lake is a drill ready/BHEM target that we intend to drill during the next winter program. We will see 

[4marlin]

Why aren´t they drilling sooner? Bb

[Crashcomingsoon]

Is this a "rags to riches" or a "riches to rags" story.  Time will tell.

[solotrader]

FNI raised $4.5Mil at the end of '23 More than enough money to drill ! I'm assuming they are being more selective on which property and holes to drill with best odds to "hit". https://ca.finance.yahoo.com/news/fathom-nickel-announces-closing-second-125000437.html

[4marlin]

the bulk of those funds have been spent Bb

[megacopper]

  By my calculations Fathom Nickel most likely has less than $1 million in the kitty. They will need to raise money again before they drill. This cycle of financing followed by drilling is slowly diluting existing shareholders as the number of outstanding shares continues to grow and the share price dwindles as they haven't hit anything economical as of yet. This is unfortunately

[Crashcomingsoon]

The thing that has made this a disappointing investment to me so far is that all of the information obtained prior to drilling made the project seem de-risked which turned out not to be the case.  I don't see an easy path forward.  Ian has invested a lot of time and effort into the project.