Canada Nickel Company Inc V.CNC

Breaking down the Agnico charity $35 million

[idlefreebird]

Now these money's were granted in 2023 and need to be spent in 2024 therefore indicating Timmins will get some swiss cheese effect ..My numbers might not be exact but will give us a rough idea..$35 M / by $300 a meter drilled gives us a total drill program of roughly 116,666 meters ...or using 500 meter depths per hole your looking at 233 holes for your $35 M

Now most of CNC's deposits are in the diseminated category meaning wide space drilling to get inferred resources you need only drill down to 500 meters ..now having 233 holes at the end of the magic wand you ask where will they conect the dots and to what properties ..if you would divide this by 30 drill holes per deposit you could see some eyes open on 7 deposits ..looking forward to the game plan ..glta

[EndZonefor7]

Idle, Toss in some similar metallurgy on those 7 and its the classic cut and paste on the feasibility study. No wonder the carmakers are banging on the doors, not knocking. The longer they wait the costlier it will be for them to get a slice of the pie.  Then multiply the carbon capture potential on each new deposit. 7 times $130 million annual  free cash flow ?? Billion dollar baby !

[idlefreebird]

endzone . we will let the drill bit do it's work and yes then we shall celebrate..We have the money to do the work...If the lay of the land produces deposits we sit pretty ..now it's just time in our way..drill baby drill...glal

[Astraphobia]

Lol a mine with free cashflow haha keep dreaming.  Pie in the sky 

[Astraphobia]

I suggest you read the quarterly earnings reports and you will see where the money is spent.  Not all will be going towards drilling and I suspect the CEO and team plus board will gobble up a big chunk over next few years. I think they are burning 12 million a year.