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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

Canada Nickel Company Inc > Despite decent volume......I am
View:
Post by fiddycent on Jul 11, 2024 4:51pm

Despite decent volume......I am

Marking an anniversary tomorrow. I will have held this stock (and added) since July 2021.
My average cost base is now at $2.03 and I've been underwater for so long that I've developed gills.
I have listened to MS, I have seen him at PDAC, spoken to him briefly, and know that he is adept and educated when it comes to mining and minerals. None of it makes a difference. I have resigned myself to my paper loss year in and year out. At least CNC's entire team gets well paid to work and wait. Not so much us retailers..
As for the so-called Feasibilty Study, I now hear we won't see it in July as promised. hope I'm wrong..
Comment by smallcap1967 on Jul 12, 2024 7:05am
Nickel Prices are below $17,000. The feasibility study was based on a $21,000 price per ton. Mark was an impressive nickel analyst, but he failed miserably with the Dumont nickel project, and has a very bad habit of anouncing background levels of nickel as discoveries. As far as the July feasibilty study, like Crawford,  it is not economical at these nickel or fuel prices (see the sensitivity ...more  
Comment by CONESTOGA13 on Jul 12, 2024 1:29pm
If they fail to deliver the Feasibility Study by the end of the month, I will consider that a HUGE RED FLAG and bail. Hopefully if I do bail I at least get $1/share.
Comment by Cobalt on Jul 12, 2024 3:04pm
Best markets in 60 years maybe ever, huge opportunity cost sitting in this name.
Comment by CONESTOGA13 on Jul 12, 2024 4:18pm
Then why TF are we free falling with no end in sight. $1.14? Are you kidding me?!
Comment by CravingProfits on Jul 12, 2024 6:24pm
Read the previous post once again. Lost pportunity cost today.....opportunity gains  in time hopefully. Glta...at .89, I'll have huge doubts also. And my average is $1.64 or there about.
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