Canada Nickel Company Inc V.CNC

Crux Interview Recap

[EndZonefor7]

Solid interview. Crux asks all the hard questions as usual. 


- Reid discovery is 90% of Crawford yet has almost double the size left to drill up. 

- 33 of 34 drill holes hit the same mineralization of Crawford increasing success rate of other 42 sq km left to drill up. 

- Drilling increases the district scale needed to attract the majors. 

- Comparison the BHP Mt. Keith at .5 % but they have much higher costs versus Crawford's better location to hydro etc. 

- BHP attempted takeover of OZ Minerals main project is .3 nickel as well as .3 copper but is way out in the center of Australia 1000 miles from anywhere where costs are much higher. BHP sold it 10 years ago and is wanting to buy it back. 

- Comparable to the best base metal mine in Scandinavia is operating as low as .2 copper due to similar infastructure to Crawford at similar scale. 

- 85% thru feasibility study. So year end on track.

- Auramet loan in order to do engineering and permitting work during winter. 

- Loan was better deal than going PP with warrants at 10 to 15% discount. Expect next financing will have none of those high priced attacthments. 

- In discussions with startegic investors and expect to see good news on that post feasibility. 

- Hole 5 to feasibility in 3 years faster than any other company. 

- Korean companies need 500,000 tons of nickel = 10 Crawfords. 

- CNC could have up to 12 Crawfords which is the exact kind of scale a BHP or Rio Tinto wants to be involved in. 

- Takeout prices of world class base metal assets go for 1.2 to 1.5 X NAV or greater for projects with massive expansion potential versus .8 to 1 NAV in a multi bidder scenario. IE; Noront. 

- If bidder steps up and doesn't want to pay up for full value for Reid due to needing more drilling still, then they will sell off Crawford and keep Reid and the other 20 properties and repeat the process increasing shareholder value.

- Reid is even a better shaped deposit due to it's square shape to optimize the stripping ratio. 

- Expects share price to exceed $4 high and further once markets begin to turn around. 

- In discussions with a range of strategic investors

- Mark is off to Korea in the middle of October to "continue discussions" with large mining companies, car companies, "real" private equity firms. (NOT "high cost" private equity firms which most are).

- "Lots and lots of discussions going on right now".

[PCGuy10]

According to the disclaimer at the beginning: - The Company has paid for video production - At the time of recording, the interviwer had shares in the company. Not only is Mark getting grilled with difficult questions, he's paying for the privilege. If BHP is looking to buy back and old mine in the middle of nowhere, grabbing Dumont in Northern Quebec with Infrastructure running through the

[EndZonefor7]

Once again you clearly have no idea how long it takes to do a businees deal of this size nor for what they were asking for Dumont. Dumont also has zero expansion potential. Did you miss that part of the video where he did the NAV comparison ?  So you expect a CEO to fly last row/brown bag flight for 20 hours ? I want him fresh and in great shape to negotiate a monster deal. For a guy who

[GnuckyT]

So tell us how long it takes to make a business deal.  For someone that on a daily basis has a new positive spin on something that's just around the corner but of course never happens you now have a different perspective.   Define "long" 1 year? 5 years? 10 years? 20 years? Please do tell.

[apapas1973]

Gnucky lol. You spend a lot of time on here trying to prove the bulls wrong constantly. Every time I glance, your profile name is there and you have your rebuttal ready. I wouldn't waste a second of my time doing what your doing. Life is way too short for that. If you spent a fraction of that time on another board discussing ideas you might have in common with those people, you might actually

[EndZonefor7]

Apapas, between him and his Mark bashers bros they must suffer from extreme low self esteem "angry" dude syndrome. Worst tag team losers I've ever seen. No substance, just lame repetitive "why hasn't " rants.

[GnuckyT]

  I thought you said I was a shorter and also getting cheap shares? Which one is it  

[GnuckyT]

trying to prove you wrong?  You have been proven wrong from 4.01 downwards day by day penny by penny lol.   Why are you here making up rumours and constantly wrong on your technical analysis? by the way you said you have me on ignore?  

[PCGuy10]

No I don't expect him to brown bag it in the last row for 20 hours.  With his Aeroplan status (if it's what I think it is with all the flying he's been doing), he could book an econony ticket, then apply for en E-Upgrade to Business. The highest seniorty Elite Status members get confirmed right away. A $12,000 ticket can be purchased for a fraction of the cost.  We were

[EndZonefor7]

I'm pretty sure Mark has a couple of decades of international travel to know how to max out the air miles game. Alot of worry for an ex- shareholder. Maybe you guys could start your own group page and hunt down KRR shareholders with this strange fetish like Gnucklehead has.