140 million pounds of nickel

5 high quality exploration projects + Lockerby Mine, Sudbury On

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Message: Triggerman from SH lies!

Triggerman from SH lies!

posted on Feb 20, 2008 08:09AM

Trigger posted  these lies: 

PS, it looks like FNI may have found a bottom.
But considering that few people here every discuss or
consider RISKS , I will remind you all that the main
risk as an FNI investor is the strong possibility of
either large share issuances or a big reverse split.
If they can't start making profits soon , mark my words , this will be the result and it will wipe out any long term
shareholders position.

By the way... FNI's performance and disclosure on operations
completely SUCKS. When are the men in dark suits coming for me?
Know why they won't? Because it's TRUE. ($2.00 to .50 cents).
Regular breakdowns and expenditures that shareholders
are kept in the dark about until months later.... ridiculous.

--------------------------------------------------------------------------------

First  FNI is  making  profits, and  is substantually  cash flow positive..... Look  at the  balance  sheet,  retained  earings   is  increasing  every   quarter.... that  is  where  the   cash to  accomplish the  last   program will come  from, as  per the   last  news  release!

I think a  lot  of bashers actually  work  for  stockhouse,  trying to  increase traffic  via  agrivating  long  investors.  A last ditch effort  before   filling  for  bankrupcy.... Nice  chart  SWB  has!

Most  longs  don't  use  SH  much anymore... too  frustrating

First Nickel budgets $17-million for Lockerby mine

 

2008-02-12 11:08 ET - News Release

Mr. W.J. Anderson reports

FIRST NICKEL PROVIDES 2008 GUIDANCE

First Nickel Inc. today provided guidance with respect to 2008 production.

The company expects:

  • To produce between 3.8 and 4.4 million pounds of payable nickel;
  • To produce between 2.3 and 2.7 million pounds of payable copper.

 

First Nickel has budgeted $17-million for development and capital improvements at the Lockerby mine and expects to spend approximately $7-million on exploration, the majority of which will be spent on targets around the existing Lockerby mine infrastructure, Lockerby East and footwall areas. Financing for these expenditures will come from existing cash balances and cash flow generated from the Lockerby operations.

William Anderson, president and chief executive officer, states: "We look forward to a significantly improved 2008. I am pleased that the board has authorized expenditures designed both to improve our existing production profile and to ramp up our aggressive exploration programs on our various, highly prospective properties in the Sudbury area."

We seek Safe Harbor.

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