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First Atlantic Nickel Corp V.FAN

Alternate Symbol(s):  FANCF

First Atlantic Nickel Corp. is a Canadian mineral exploration company developing the 100%-owned Atlantic Nickel Project, a large-scale nickel deposit strategically located near existing infrastructure in Newfoundland, Canada. The Project's nickel occurs as awaruite, a natural nickel-iron alloy containing approximately 75% nickel with no-sulfur and no-sulfides. The Project totals 21,850 hectares of wholly owned land, featuring multiple mineralized zones, and covers almost entire Pipestone Ophiolite Complex. Its Voisey's West project is located in the Churchill Province of Labrador and consists of Nickel-Copper-Cobalt-platinum-group elements (PGE) mineralization. Its Atlantis Project totals 13,675 hectares and covers a large ultramafic complex of potential mantle source, known as the St. Anthony Complex and White Hills. The Company also owns 100% interest in mining license 038152M, consisting of 12 mineral claims located in central Newfoundland, known as the RPM South claims.


TSXV:FAN - Post by User

Comment by ytriguyon Jun 21, 2021 7:25pm
265 Views
Post# 33424949

RE:RE:I WOULDN'T BE TOO CONCERNED

RE:RE:I WOULDN'T BE TOO CONCERNED Maybe you missed it, but when the FEDS mentioned inflation it sent the markets and gold prices into a tailspin. Over $1000 per ounce drop in gold price and all gold miners were impacted. So you're right, it wasn't just the drill results.

If you buy at the current price you could  bring your average investment down considerably. It's what I did.

Why would anyone say IT'S OVER when Arc is still drilling? No miner gets great results every drill hole and no stock goes up every day. If they hit a seam this stock will go up faster than it came down. Also, less than a million shares traded today. All it takes is 5 or 6 skittish investors, and penny stocks are full of them.

The drop in Stock Price does nothing to change the fundamentals. So I sure wouldn't be selling at a loss at this point.
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