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Bullboard - Stock Discussion Forum Cleantech Vanadium Mining Corp V.CTV

Alternate Symbol(s):  CTVFF

Cleantech Vanadium Mining Corp., formerly Flying Nickel Mining Corp., is a Canada-based exploration-stage mining company focused on vanadium resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. The Gibellini vanadium project is located near Eureka in Nevada's Battle Mountain region covering 21 kilometers (km), Gibellini holds 127 million pounds... see more

TSXV:CTV - Post Discussion

Cleantech Vanadium Mining Corp > More Than 17,000 tonnes of Nickel Annually !
View:
Post by Bradwait on Mar 24, 2022 10:48am

More Than 17,000 tonnes of Nickel Annually !

This article from CBC dated Feb. 17, 2020 (link below) says once fully operational the Minago mine could produce more than 17,000 tonnes of Nickel annually.

17,000 metric tonnes is equivalent to 17,000 x 2200 = 37,400,000 pounds.

Current price of nickel is 14.7988 per pound (@ 10:44 EST Mar. 24, 2022)

This would give gross revenue of $553 Million US or about $697 Million CDN annually.

This does not include revenue from the limestone quarry which will also be operational according to this article. Also with huge demand from electric vehicle manufacturing the price of nickel may well be higher than the current price.

https://www.cbc.ca/news/canada/manitoba/northern-manitoba-nickel-mine-jobs-economic-boost-1.6356218

Comment by Bradwait on Mar 24, 2022 10:51am
Sorry that should say from CBC article dated Feb. 17 2022, not 2020. I sure wish they had an edit feature on SH that would stay open for a bit.
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