Canada Nickel Company Inc V.CNC

FLYN???

[damapik]

Hi Ni-Canadian experts

what do you  think about FLYN project in Manitoba

they claIm  1bln M&I, high grade ( 0,74%), full permitted and FS  with  NPV >1,5bln by year-end. 

what is the reason this is just worth $10mln. 

what kind of skeletons there are in the closet ?

Thanks

[NoobTube]

The 7 year and 2 partial year life of mine most likely

[damapik]

thanks, i don't think so. 7 year LOM was calculated based on res. 302m lbs in FS 2011 FS  in 2 months will be elaborated based on the current res. of 760mlbs M&I ( 0,74%). It entails the initial LOM of 17,5 years    my calculation leads to NPV >1,5bln IRR>30%  full permitted and that with 11m mc today 10times undervalued comparing with CNC.v

[NoobTube]

Sorry had to check and see if 760Mlbs was a typo,  nope.   Compared to crawfords 3.5m tonnes (7B lbs) FLYNs main project is but a fraction and your giving equivalent NAVs to crawford? 

[GnuckyT]

CNC spends 1 million dollars a year on promotion.   FLYN does not.   CNC has been described as a resource play for a "different" type of investor.  Not the usual resource bug or geology background but the retail investor who essentially sees Nickel in the name and buys it without questioning the costs and profit margins for an ultra low grade deposit

[GnuckyT]

FLYN is up much more than CNC. Almost 11 percent today alone.

[CravingProfits]

Didn't Flyyn, Michigan have so much nickel it was found in their tap water? Lol All 8n fun.

[EndZonefor7]

Half of if is underground which will suck all the .7% downward to .25%. There's a reason it's 20 cents.

[EndZonefor7]

Down 75% from its last PP too. Maybe needs to spend on some real promo. ;)

[GnuckyT]

Yes like maybe hiring some guys renting a basement who are on disability to post on the boards all day.