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FIRST NICKEL INC.

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TSX:FNI (CAD)  0.12 [0.00 (0.00%)] Nov 6 2009 - Close

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Type: Public
Classification: Monitor
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120 FRONT STREET E, SUITE 206
TORONTO
Ontario
Canada, M5A 4L9
Phone: +1 (416) 362-7050
Fax: +1 (416) 362-9050

Company Summary

First Nickel Inc. is a Canadian based nickel and copper explorer with several key exploration projects including the Lockerby Mine which it acquired from Falconbridge in 2005.

Company News

Monday, October 19, 2009
Property: LOCKERBY MINE
First Nickel announced an update of the economic model of the feasibility study on the development and mining of the Lockerby Depth from GENIVAR Limited Partnership, a consulting engineering firm based in Quebec City, Quebec, Canada. Assuming average metal prices of US$8.00/lb nickel, US$2.75/lb copper, and US$15.00/lb cobalt, and an exchange rate of US$0.85/$C, the Update indicates that the project has an internal rate of return of 74.0% and would generate an undiscounted pre-tax, pre-finance cumulative cash flow of $112.2 million after capital recovery. Based on a 10% discount rate the project has a $66.8 million net present value as calculated by GENIVAR.

News Releases

Wednesday, August 05, 2009
Thursday, July 23, 2009

News on the Web

Mineral Properties Map

Map Legend:
ProducerProducer
Past ProducerPast Producer
DevelopmentDevelopment
ExplorationExploration
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