Post by
Bradwait on Mar 25, 2022 8:58am
85,000m Drilling Completed + 5000m Currently Underway
FLYN's Minago Nickel sulphide deposit is a very advanced play.
The Value • Nickel resource: 0.74% grade 721M lbs M&I, 319M lbs Inferred* • Investments in Minago: $53 million in today’s money
*By Mercator and AGP, report dated July 2, 2021 available on sedar, refer news release dated July 6, 2021 Descriptions Today’s Cost Estimate
85,000 meters diamond drilling $34,000,000
Tech reports, metallurgical studies $2,000,000
Geological surveys $1,000,000
Environmental baseline studies $1,000,000
Environmental Act License $1,000,000
G&A for 7 years $14,000,000
Total : $53,000,000 (Already Spent on this Project)
Comment by
Bradwait on Mar 25, 2022 9:02am
Key takeaway is a lot of other Nickel Jrs out there jumping on this number 1 mining sector bandwagon, will need many years and lots of luck to get to where FLYN is right now! FLYN is amazing value currently but more and more will be discovering it in 2022. https://www.youtube.com/watch?v=oW-SRapwF4Y&list=LL&index=1&t=1s https://www.flynickel.com/company-presentation/
Comment by
gossamer8 on Mar 25, 2022 10:18am
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