Canada Nickel Company Inc V.CNC

PEA Delay

[Mike16]

I'm ultimately long and excited about CNC. However continued delays on the PEA, albeit complemented by positive news, makes me concerned that the PEA may be shaking out to somewhat underwhelming so they want to pad it with additional exploration potential. A 3rd delay isn't very rock 'n roll, especially since this latest news doesn't appear like it would even show up in the PEA. Any thoughts?

[Rm90090]

I agree. This one doesn't have much to do with the PEA since they have stated they are using the data from Crawford in October. Another possibility is that negototiations with Glencore are taking longer than expected - and they need to cap that in order to include the mill usage within the PEA.

[Mike16]

Yes. I agree the Glencore agreement may be the issue. Hopefully they are able to come to an actual agreement. Evidently they're not the easiest to negotiate with. Would be dissapointing, but not the end of the world if that didn't work for an initial proof of concept.

[apapas1973]

The Glencore deal is key to fast tracking this project by starting with this smaller pilot project. It would set back CNC and raise their initial operating costs. Not only does this deal make sense but is extremely important to CNCs start up. Glencore i believe is shutting down that concentrator and we'll be able to eventually ramp up from 3000t/day to 12500t/ day when we have full access. If

[EndZonefor7]

It's in Glencore's best interest as CNC will be helping them with their old tailings CO2 removal via the zero carbon plan. I'm optimistic it will get done.

[Ivorygull]

It's delayed, yes, but they are still going to come out with other news, which doesn't mean they'd be trying to make things look good, it's IMO just timing of when things get done. I'm sure some would be complaining if we weren't getting any news. Also, they have indicated a date which they may have to adhere to, so we know it has to come out before then