Canada Nickel Company Inc V.CNC

Where to begin, where to begin with all these acquisitions.

[apapas1973]

There's so much going on here I'm not even sure where to begin. But for the sake of discussions on here I'll throw a couple things out there. Being there are so many properties involved and at different stages of drill results, one has to wonder which property they start with. At this point like Mark states on the CC, they continue to focus on Crawford and get it to a proper valuation. Higher than now but not sure what fair is. The market will decide what premium to put on it. When they've raised enough money they put it to work. I would think for sure start with Sothman and Reaume. Even though a chunk of Sothman has limited exploration and it's not one of the massive new properties(I believe it's about the size of Crawford), but the potential for higher grade from what we know so far is there. Much higher than what we already have. The other property I would target would be Reaume. Being it's almost 6 times the size of Crawford, there's definitely potential there for expanding the CNC footprint. It looks like no assays were reported there, but according to initial reports, the "TMI exceeds the peak levels at Crawford Main Zone near the centre of the intrusion and is strongly anomalous across the ultramafic". I'm no mining expert but this property here possibly puts CNC on the global map...Many more developments I'm sure to come over the next few weeks. GLTA

[caramba71]

Nice analysis apapas. One question that crossed my mind - why did Glencore decide to sell. Just focus on the deep hole? And what about the MoU. That might soon come back into focus considering the impact on fs and cash flow. Feels like we are up for a nice run.... glta p.s. haven't had a chance to listen to the cc yet so some of the questions might have been covered there.

[apapas1973]

Caramba... Someone asked Mark about the sale of Sothman during Q&A. If I recall, he said something along the lines of that property wouldn't be missed in the grand scheme of things considering what Glencore already has. And that Glencore wanted it to go to the right buyer that's best suited for it. There might be something else going on there. Not sure I buy that. As far as the MOU

[minime123]

The only reason as to why Glencore would let Sothman would be because Glencore must be our stategic partner.  Has to be.  

[JLEP16]

One question on the CC was why the previous operator at Sothman elected to stop or slow down drilling. Selby's response: "... Glencore - Xstrata acquired Falconbridge, and then Glencore acquired Xstrata, and they've - Falconbridge has had the blend package, I think, since the early ‘70s. And the challenge is, is that Glencore really does not do Greenfield exploration. It

[caramba71]

Glencore as a strategic partner would make so much sense. It's like I give you sothman and access to the concentrator, you advance the drilling and we (glencore) advance the fs for the deep hole. Win win. Maybe off take guarantees coming soon as part of a partnership . That would be nice.

[caramba71]

Interesting. Thanks for clarifying apapas. Sounds like these guys clean out their 'portfolios' from time to time.