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

Alternate Symbol(s): CNIKF

Metals & Mining Industrial Metals & Minerals

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

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Canada Nickel Company Inc > Assumptions Question?

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Post by StockDoc60 on May 25, 2021 9:51am

Assumptions Question?

Note on assumptions

The Company utilized metal price assumptions from third party sources applying a nickel price of $7.75 /lb, a chromium price of $1.04 /lb and an iron price of $290 per tonne (based on U.S. benchmark iron scrap price). In addition, a US$/C$ exchange rate of $0.75 and oil price of US$60 /barrel were also applied.

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Market doesn't seem elated ,yet !!

Any thoughts on the nickel price assumption . To me it seems a bit high and thus mine works over 25 years only if nickel pricing stays elevated ?? Granted that is the projection ,so at 10.00 nickel we will get gobs of money ,especially with more resources being added

No expert here , so thoughts please .

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Comment by electriqueman on May 25, 2021 12:30pm

The price of nickel is $17079/tonne or $8.54/lbs so CNC in its PEA is below the actual price of nickel. Check out this link, you will get a lot of information on commodity prices. https://fr.tradingeconomics.com/commodities

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