Disclaimer: I own shares of Canada Nickel Company Inc. and stand to benefit if they rise in price. I may decide to purchase or sell shares at any time without prior notice. Do your own research and size positions appropriately if you invest. Nothing here is meant to be understood as investment or financial advice.
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Canada Nickel continues to expand its impressive resource portfolio
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The company has made strategic moves with the formation of Eastern Timmins Nickel Ltd (80% owned) and RoyaltyCo ($8M cash + 62% equity).
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The short-term liabilities are concerning and require urgent resolution.
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The company has shown substantial progress in permitting, enjoys political support, and benefits from positive nickel market fundamentals.
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Under conservative assumptions, the market-implied odds of success are 14-28%. I believe these are too low and that there is significant upside potential if Crawford advances towards production.
Three months have passed since my last update on Canada Nickel Company ($CNC.V). Last week, the company provided its accounts for the quarter ending January 31, 2025. For context, see my three earlier posts:
I base this article predominantly on the following three documents:
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TL;DR
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Introduction
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Equity Summary
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Quarterly Report
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Updates on Activities
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Catalysts
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Macro
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Valuation
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Conclusion
