Looks like things could be heating up as the PEA is just around the corner. 15 days the most. Lots of news and activities this week and the share price is trending upwards.
recent changes:
- Preliminary Economic Assessment (PEA) pushed back from end of march to end of April, due to recent announcement
- They also announced better than expected grind size --> less energy - lower cost
Very positive development this week:
- Agreement to use Glencore's Kidd concentrator (Cash flow impact)
- PEA in the works and to be expected eo March
- new lower base established at around $2.25
- resistance level at around $2.65
- Jr mining company with strong management and take-over potential
Sharing this as the news feed doesn't show it:
IIROC Trading Halt - CNC
Canada NewsWire
/CNW/ - The following issues have been halted by IIROC:
Company: Canada Nickel Company Inc.
TSX-Venture Symbol: CNC
All Issues: Yes
Reason: At the Request of the Company Pending News
Halt Time (ET):
IIROC can make a decision to impose a temporary suspension (halt) of...
Small company with a solid business and a nice dividend. If the bounce line holds and it continues through the break line higher into the 12 range it could free up the way for further gains.
