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Bullboard - Stock Discussion Forum Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > Addressing some concerns
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Post by apapas1973 on May 07, 2021 11:06pm

Addressing some concerns

It's nice to see so many new profiles joining in recently...To begin, people shouldn't be trying so hard to compare CNC to high grade mines like fpx, tlo or anyone else. You have to take CNC for what it's worth and be happy with it or its time to move on. As it stands we are so far the highest grade sulphide mine and can provide the much needed product for EV batteries. Period. We also have a lot of it and i believe only going to add more but slightly increase our grade as well so it makes it that much better. Also as it's been said many times by endzone, govts are looking for nickel to be mined in an environmentally friendly way. Call it Net Zero, zero emmisions, carbon neutral, serpentine or brucite rock, ( are any of the last two that significant in people's investment decisions. Not a priority for me). Chances are these companies may not even have much success with these plans but as long as they're making an effort, they'll get support from the govt. The US govt was in talks with CNC and I'm sure with others as well. Who do you think govt's are going to do business with? Do they wait for companies with the high grade mines that may or may not build the mine or do business with established mines that can still provide the product in a hopefully environmentally friendly way. While everyone and their high grade mines wait to hopefully have them built, Selby is moving forward, expanding the properties, looking for cost synergies to improve the bottom line. In the end he's going to get to production before the others, lock in the sales, gain market share, improve market cap and then purchase the higher grade mines if desired. That's a smart business person. Someone on here asked whether Mark Selby is a promoter or builder.... You have to be both. I've stated before you could give someone under qualified an excellent mine and they could run it to the ground. Selby and team can take a good mine, build it efficiently and make it look fantastic. And where do you think Selby learned to deal with challenges and navigate effeciently through a project? Yup, Dumont. Similar projects indeed, but with a major difference. Dumont borders as far as i remeber at least one restricted area that doesn't allow for mine expansion. CNC as we know so far is continuous and going to grow. I still believe Selby renegotiated the option agreement to 100% and added the 6th property because he knows something of value is there. Lastly as I finish my drink, someone commented about waiting for PEA to come out, and make it the deciding factor on whether to sell. That's an option. A poor PEA would be disappointing, but we have a lot to work with here. A lot of unknowns for sure but a lot of potential as well. Investing is a risk for sure but places like this allow for the exchange of ideas from so many people, that I think everyone here can use and make an intelligent enough decision. Sorry about the long post but I'm signing off for the night. Have a great weekend and GLTA.
Comment by EndZonefor7 on May 07, 2021 11:46pm
Great post apapas, well said.
Comment by patientoldguy on May 08, 2021 7:36am
good post apapas.  to me it comes down to the following 5 factors 1) grade and type of deposit.  the grade is low average. by comparison Thomsom Moak lake is 0.7% nickel and Sudbury in north of 1%.  but it is a relatively good grade for a sulphide deposit 2) Extent of deposit - CNC is acquiring more rights and extending the size of the mineable deposit which is good 3) Ease of ...more  
Comment by PCGuy10 on May 08, 2021 8:27am
Just some comments on point #5 and Native Rights to be negotiated. They already have, and have full support of the local First Nations. In addition because of their First Nation's Status, they can get more favourable financing for heavy equipment. As such, the local First Nation will purchase and operate the heavy equipment. A first Nation in BC basically told these Enviromentalists to go ...more  
Comment by apapas1973 on May 08, 2021 10:36am
I agree with your points patientoldguy. Number 5 made me laugh. Yeah Trudeau can be pretty clueless when it comes to our resources here. Energy industry decimated. I doubt even he can screw this up for us. We've got a huge tailwind. I think the govt here needs one clean sweep... Are you from the Sudbury/Timmins area patientoldguy?
Comment by patientoldguy on May 09, 2021 3:45am
i grew up in sudbury and worked as a process Engineer for 6 years for Inco. Mining has always been a cyclical industry and its looks to me that commodities generally have just broken out from a 10 year down cycle.   The tailwinds look good here.  I am in for a about $20K since $2.70.  How about you are you from the north?
Comment by apapas1973 on May 09, 2021 8:04am
No patientoldguy, I'm from Toronto. I've gone up to French river and Lake Nipissing a couple of times to do some fishing. Very peaceful. I'd like to visit Timmins though (never been), spend the weekend and maybe do a drive by the site possibly this summer. Depending on whats happening with all the lock downs... I started buying CNC in the mid 2's. But have averaged up now so my ...more  
Comment by 6t3manx on May 09, 2021 12:42pm
I’m North of Toronto.  Have many friends in the Timmins area as well as one property there.  The townsfolk are excited by what may be ahead.  Long and strong (50k shares now) since the $1+ zone.  I’ve been trading as well.  Good luck to us all and Happy Mother’s Day to all Mothers.  Mark Selby—Bring on the news
Comment by idlefreebird on May 09, 2021 8:32am
Timmins guy here and worked at metsite for 27 years and was fortunate to get in at the .40 cent mark... I got family and friends in wich account for over 30 people all in the money...i did reach out to 10 stockhouse board guy's which i had been involved with in 3 to 4 gold success plays but only one Nukey jumped in...I guess I scared them away when i said it was going to be a 40 times money ...more  
Comment by patientoldguy on May 09, 2021 8:46am
Nice to hear!  I guess we are investors now.  Mine development takes longer than most people think.  The general market is crazy over valued and we can oly hope that the air come sout slowly and continues to move into commodities.
Comment by Nukey on May 09, 2021 2:39pm
good day all, yes, I corresponded with Idle and did jump in after we connnected and very glad I did.  He has a wealth of local knowledge and everything he has intimated has materialized. People here would be wise to take heed . Mind you, this is the best board I am on and there has been plenty of thoughtful commentary. Thanks Idle, thanks all. Idle, check your inbox. Cheers