Canada Nickel Company Inc V.CNC

What exactly is Mark Selby up to?

[apapas1973]

I've been and continue to be a believer in CNC. I've also expressed my opinion on here, that CNC should go it alone and build this thing out. I felt that would provide us with the highest attainable share price. HOWEVER i don't think that's going to happen now. This whole solid state battery technology has been bugging me lately. When enough companies think they can profit from a new technology, they move fast. I think it comes sooner than we think and I think Toyota brings it. They have the capacity, engineers and money to do it. Mark Selby knows exactly what he's doing. And he knows it's coming. They're moving fast and I think that's because they intend on being one of the first juniors in (gaining market share quickly) and one of the first out when this company is sold. At a much higher price i hope. No more worries, no more headaches and no more risk. Mark Selby is very strategic with what he does. The Glencore MOU i still believe is a bigger deal than most think. Not only is this going to speed up and allow for the pilot mine, but it'll give people a taste of whats coming and I'm sure they'll start locking in deals. Glencore is going to start kicking the tires in my opinion. And if large scale nickel mines like this one truly are scarce or a once in a decade find like Mark states, expect a bidding war when the offer comes. I've attached a short but sweet Mark Selby video from a year ago. As he finishes discussing his operations he states there are very few large scale opportunities that could provide the majors with the growth platform that they need. Mark chooses his words carefully and the more I think about it, it's not the first time I've heard him speak in a way that sounds like he's putting the pieces together to sell. IMHO. Let's see what happens. ----------------------------------------------------- https://youtu.be/PnWHG3XWeTA

[Rm90090]

Absolutely. The strategic way that he has built out this project is almost ideal for a major to take over. Majors care about long term (multi decade) profitability. This mine will be ready quickly and have the most cost effective opex. In addition, the size of the resource could be even more immense when they have finished exploring. Yes they could mine this themselves, but that isn't

[apapas1973]

I hope you're right.

[Rm90090]

I dont think Glencore would take the time to work out a deal with them for the use of their mill if they didnt actually beleive that they were going to be around later. Also Glencore may want to start the relationship now because based on the PEA, they may wish to work together later. Some investors may be dismayed that they are delaying the PEA again, but I think Mark realises that the majors

[rockstar]

100% agree with your thinking Rm90090.  "Proof will soon be in the pudding"  

[apapas1973]

Yeah I think you're on to something RM. This is also a way for them to see whats under the hood of CNC. The way i see it, is Glencore just dressed the bed with some nice silk sheets. The question now becomes when do they both jump into it together. Lol.

[PCGuy10]

I've said earlier, the deal with Glencore with the Kidd Met site makes sense. The Kidd Creek Mine is now ~60 yrs old and is the deepest accessible point below sea level on the planet. There's probably another 2 years of life or they go deeper, but at what cost? Now their neighbours are up to something..