Canada Nickel Company Inc V.CNC

NI 43-101 filed

[Ivorygull]

TORONTO, December 04, 2020 - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSX-V:CNC) (OTCQB: CNIKF) today announced that the Company has filed on SEDAR an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) supporting the mineral resource estimate for its 100% owned Crawford Nickel-Cobalt Sulphide Project (“Crawford”) near Timmins, Ontario, which was reported in the Company's news release dated October 21, 2020. The Mineral Resource Estimate, effective as of October 18, 2020, was prepared following the CIM Definition Standards for Mineral Resources and Reserves (November 29, 2019).

The full technical report dated December 4, 2020, with an effective date of November 1, 2020 is entitled "Independent Technical Report and Mineral Resource Estimates Crawford Nickel-Cobalt Sulphide Project: Main Zone (Update) and East Zone (Maiden) Deposits”. The report was prepared for Canada Nickel by Caracle Creek International Consulting Inc. and can be found under the Company's issuer profile at www.sedar.com.

 

[Marshall]

Could be a strong open on Monday.  

[Bluejay12]

Just wondering if the resource estimates contained in the report are new, showing an increase in what they have. Or is it basically just a confirmation of what they've been saying all along about size and potential of the project. New on here, appreciate the info.

[Bluejay12]

Just read another board about this being 19 billion dollar mine, don't know if it's reference to the resource estimates found in the technical repot just posted. If so, would that be considered  a good valuation? Bad? Thanks.

[StockGuru454]

This mine was considered the 12th largest nickel mine in the world with only 20% of the mine explored. Its rumored that the mine could be among the worlds largest nickel mines once results from the test reports come in at the end of December. Not to mention the surprise pockets of platinum/ palladium found. The 20 billion valuation makes this stock extremely under valued and should be bought

[Bluejay12]

I think 20 Billion would be way undervalued also, even with what they already know is there. Hopefully get a favourable PEA by years end, push this play in the right direction. Thanks for the insight.

[IgnacioCashmere]

You can create your own value for Crawford using their M&I resource in their presentation. Your own DD is always better than someone else's, you can duplicate your own success. You cannot duplicate success relying on other people's calculations. Use values per pound you are most comfortable with. The total resource is 3,320,000,000 # Nickel. Today nickel is $7.50 #. But they wont be