Canada Nickel Company Inc V.CNC

Cash Burn Rate?

[caramba71]

Does anyone have an idea what CNC's cash burn rate is?  I think by the end of last qtr we had a cash position of >10 Mio + the recent 10 Mio loan.  Shouldn't that carry us through at least another 9 months if not even longer?

Also, I am curious on this: what type of activities are suspended (if any) during the winter months?

[apapas1973]

I guess it depends how aggressive they are with the drill bit Caramba. I'm going from memory but when they raised the 12 mill last year july-Aug, Mark was saying they wanted a total of about 30 and that would get them to feasibility roughly mid year 2022. But that's been extended to fall now. He also stated they would need money again by about Jan 2022. But all of this was also for the

[caramba71]

Thanks apapas,  so we are probably looking at raising another 20-30 Mio. With a big-name mining partner putting the money in, dilution would still be under control, assuming the increase in investor interest will result in a much much higher share price. I'm bringing up BHP again, as they are so committed to growing their Nickel portfolio. Mike Henry (their CEO) said something a few