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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 > CNC Ni concentration at 0.4% vs Dumont at 0.22%
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Post by electriqueman on May 12, 2021 10:13pm

CNC Ni concentration at 0.4% vs Dumont at 0.22%

Now, for my English friends, I have translated for you.

The difference is there!  Just by doubling the concentration of the ore, we double the revenues compared to the Dumont project for the same 30 year life span. Because CNC already estimates that its Crawford mine is larger than Dumont (Dumont is ranked as the largest nickel reserve in the world). Furthermore, by purchasing the Noble properties (especially MacDiarmid), CNC believes it can double the size of the mine based on historical drilling on the Noble property. The drill results have the same characteristics (same mineralization and ore thickness) as the CNC mine (Crawford). 
More importantly, if the MOU with Glencore goes through, then the capital costs will be greatly reduced for the CNC PEA, which makes the project even better than Dumont. 
 
And the project will be CO2 free because the source rock, once extracted, absorbs CO2 from the air.  This is a rare phenomenon but so important in times of global warming.
 
Comment by caramba71 on May 13, 2021 12:31am
if I recall correctly Ni concetrate is 0.26, not 0.4 . Also I believe cnc will be selling a ni-co-su concentrate which will yield less revenue per ton than ni. See my previous post on npv estimate.
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