Canada Nickel Company Inc V.CNC

Interesting NR

[WobblyChart]

A few takeaways from today's NR:

* The FS was reiterated to be coming out at month end. Hurray! 
* CNC is cashed up for at least 3-4 months courtesy of the loan facility with Auramet on none too shabby terms
* A major changing of the mgt guard usually presages a big move, and is generally of a strategic nature to meet new circumstances
* Turns out the June claims price was less than anticipated with modest cash savings. 
* The tease of an EOY offtake agreement was tucked in there. 

Now, as always, we wait to see what shakes out of all this. GLTA

[EndZonefor7]

All positive moves. Sewing up more Texmont claims shows they know they have a solid mine in play.  Anyone else see FPX PFS have to use $8.75 nickel to be profitable? Maybe why Paddy has a burr up their wazoo. Why aren't they crying on that board or Magna? Get rejected again?

[N3tPr0phet]

Are you willfully ignorant? They're reporting a >$2B USD NPV and 18.6% IRR at $8.75. Project is profitable *well* below that input price. $8.75 is a conservative assumption.

[EndZonefor7]

No First Nations deal too. 

[N3tPr0phet]

That's an oversimplification of the matter but is at least grounded in reality. Chief and Council (who created that digital publication) jurisdiction ends at the reserve border. Ultimate use of the traditional territories falls to the discretion of the 4 Keyohs, who remain supportive. Time will tell.

[EndZonefor7]

What's simple is the market didn't like the PFS and they have no deal with the FN. End of story. 

[N3tPr0phet]

There remains an MoA with Binche Whut'en, so your understanding, as usual, is flawed. Daily reminder that even post-FN drop, FPX has had a greater return than CNC, with t(0) being day 1 of CNC's trading. End of story. 

[EndZonefor7]

You missed the point as usual. CNC has a solid FN deal, and FPX doesn't. Until that changes FPX is a dangerous investment. 

[CanadianPatriot]

Again, you are a real piece of work... and something else too.... For years your narrative down played high grade and pumped low grade to the edge of the universe adn back.  For years you pumped that when the feasibility for those low grade deposits came out that this would shoot to the moon.  Now with the recent Taximont asbestos acquisition you are waiting for the high grade report