Seems these guys are in dire straits, selling the Texmont mine could provide some working capital......hmmm? Wonder why the Chinese aren't hovering over this one?

Interesting as they are not that far away from the neighborhood, here's the map

http://www.fletchernickel.com/_resources/maps/Fletcher_infrastructure_landscape.pdf

http://www.newswire.ca/en/releases/archive/January2010/04/c6323.html

Fletcher Nickel share listing

"TORONTO, Jan. 4 /CNW/ - Fletcher Nickel Inc. has not yet obtained approval for the continuation of its share listing on the TSX Venture Exchange and the TSX has discontinued its listing of Fletcher shares as of December 31, 2009.

The Company has made application for the listing of its shares on the Canadian National Stock Exchange. While these applications are pending, shareholders who wish to execute trades of their Fletcher Nickel Inc. shares should contact their stockbrokers who may in turn contact W.D. Latimer Co. Limited, Jones Gable & Company Limited, or Pope & Company Limited, who may facilitate over-the-counter trading.

The Company's Texmont Mine property has been the subject of negotiations for sale over an extended period. Its liquidation would provide Fletcher Nickel with substantial working capital."

http://74.125.155.132/search?q=cache:CEyxfxEecDIJ:www.canadianminingjournal.com/issues/ISarticle.asp%3Faid%3D1000340336%26PC%3D%26WT.si_n%3DRelatedArticles%26WT.si_x%3D2+Texmont+Mine+property&cd=6&hl=en&ct=clnk&gl=ca

NICKEL EXPLORATION: Near-surface mineralization traced north of old Texmont mine

ONTARIO — Fletcher Nickel of Toronto has traced a large-tonnage, near-surface resource north of the former Texmont mine near Timmins. The mineralization continues about 800 metres along strike, increasing the overall strike length to about 1,100 metres. The mineralization may be minable by open pit.

Fletcher recently reported best drill core assays of 0.64% Ni over 8.0 metres in hole 08-49, 2.20% Ni over 10.5 metres in hole 08-32 and 0.66% Ni over 6.0 metres in hole 08-106. The company was further encouraged by the results of metallurgical testing that achieved concentrate grades of 13% to 21% Ni after three stages of cleaning.

The Texmont mine operated briefly from July 1971 to December 1972 with a 450-t/d mill. The property is serviced by a three-compartment shaft to 240-metres below surface.

Fletcher has filed a rehabilitation report and completed the baseline studies required for the filing of applications to dewater the underground workings.

"The Texmont mine itself produced at a reported average grade of plus or minus 1% Ni and we have completed some scoping studies which indicate the orebody might be mined at a rate of up to 2,000 t/d from the existing shaft," said CEO Frank Smeenk.

Additional details about the Texmont project are available at www.FletcherNickel.com.