Interview with Mark Selby, CEO of Nickel Exploration company, Canada Nickel (TSXv: CNC) Mark Selby has previously weighed in with his expertise on the nickel market. His general insights have been very informative for nickel investors, but now it is time to talk about Selby's latest play in the nickel space.
Canada Nickel Corp. is a relatively small nickel play in Canada. But it has a lot of the right parts that you would look for as an investor. It is Nickel sulphide. Potential for large scale Resource and district-wide. Funded for next stage of operation. Looking to an accelerated delivery of a PFS. In a Nickel bull market. Low share count.
After giving us the details on the recently concluded IPO, , Selby gives us a look at what Canada Nickel Corp. has to offer for investors. On February 21, 2020, Canada Nickel completed a private placement and issued 3,074,333 Common Shares at a price of C$0.25 for aggregate gross proceeds of C$768,583.
Canada Nickel Corp. has acquired 100% interest in the Crawford Nickel-Cobalt Project. Selby has previously doubled down on Robert Friedland's words: "nickel is the new gasoline." Nickel demand is robust in the stainless steel industry, but a projected fresh surge of demand for batteries, courtesy of the EV revolution, has got investors across the board foaming at the mouth. Sely indicates that the Crawford Ultramafic Complex (CUC) could have strong potential for developing a low-grade, large-tonnage nickel resource. In addition, the resource hosts nickel and/or cobalt bearing minerals and possesses promise for the extraction of these elements. In addition, Crawford has been assessed via magnetic, borehole geophysical, airborne helicopter magnetic and electromagnetic, and FALCON© Airborne Gravity Gradiometer surveys, and was investigated by its previous owners, Spruce Ridge, through diamond core drilling.
Now Canada Nickel has the available capital from its IPO, it will look to provide an accelerated investment opportunity for investors. Selby sees this as the start of a new nickel supercycle and states there are only a handful of close-to-production projects than can help double nickel supply by 2030. With the expertise of the management team, the existing infrastructure at Crawford, and the work Canada Nickel Corp has already done in the last 6 months or so, Selby is confident the company can surprise the market with the rate of returns and value growth, and he is likely to draw on much of the knowledge and experience acquired from RNC's Dumont Nickel Project. Investors can expect confident, decisive, technical mining. However, they will be hoping Crawford can fulfill expectations. The resource should be out soon. Will it "shock people" like Selby claims?
When will Selby look to bring in financing from institutional investors, and is there a risk he could have to give a big portion of the company away? Selby is adamant he will make the right deal at the right time and will delay if necessary. He would rather wait for a better deal than rush into dilution for shareholders. How will this play out?
Are there any issues left to resolve? An MOU needs to be arranged with a local tribal council group, and then there needs to be six impact benefit statements/agreements before full construction of the nickel project. Selby is confident that once the PEA is signed, sealed and delivered, these shouldn't be problematic to acquire.
Investors need to decide if this nickel sulfide story excites them. If it does, it could be worth some serious consideration.
What did you make of Mark Selby? Does Canada Nickel Corp. make the grade for your EV or Nickel investment portfolio? Comment below and we will answer your questions.
And a FREE 'Not A Mug' Crux Investor mug to the first person to guess the song name and artist featured in the title of this video! (One mug per person).
1:42 - Listing on the TSX: The Process of Going Public
4:55, 8:36 - New Deal, New Opportunities: What Have They Got and What Will They Do?
6:33 - Nickel Cycle: Have They Got the Timing Right?
11:51 - Business Model and Game Plan: What are People to Expect?
15:53 - Strategic Partners: Any Danger of Giving the Company Away?
18:46 - Share Breakdown and Company Strengths
19:37 - Outstanding Issues to Resolve
Make smarter investment decisions, subscribe here:
For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:
Take advantage, hear it here first:
0 Comments