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

Alternate Symbol(s):  CNIKF

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

TSXV:CNC - Post Discussion

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Post by NiCuAgFan on Jan 06, 2023 6:00pm

Stoprunner

@StopRunner $CNC Texmont, Mark Selby buys a project with a high grade resource and mining leases for $4 million. 28,000 meters of drilling not in the resource. 28,000 meters of drilling at $200 a meter is 5.6 million. He got the project for less than the cost of the extra drilling that was done and not included in the resource.



 

@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.

@StopRunner Texmont @ 5,000 tonnes a year at $28,000 a ton nickel is 140 million USD in revenue. I think he’s being too conservative but if the CAPEX is around $50 million thats very attractive.
Comment by EndZonefor7 on Jan 06, 2023 10:49pm
Good way to look at it. A producing Texmont for $140 million revs will give us at least $5 ballpark value for starters IMHO. This is a game changer for increased valuation once the financing gets worked out.    We may get caught off guard with markets recovering faster than we thought after today's inflation news possibly nearing the end of rate hikes. 
Comment by EndZonefor7 on Jan 07, 2023 2:00am
That $140 million US$ would be $188 million CDN. Not too shabby for $4 million outlay and a $50 million CAPEX financed by a strategic partner. 
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