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Ni, Co, Cu, PGM, Au Properties in Ontario Canada
Producing Mines and "state-of-the-art" Mill
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FNI on care and Maitenence as well but in considerably better cash position.
Their deal with Xstrata also skims their pt/ pd credits and they pay a premium for processing because their ore is shipped directly and not concentrated...
I suggest a better deal is with FNI and that FNI ship it's ore to LBE mill for concentration...
FNI has almost as much cash as ISM.
FIRST NICKEL INC. Balance Sheets (Canadian $) As at
Assets June 30, 2008 (Unaudited) Current assets Cash and cash equivalents
Accounts receivable
Marketable securities ---
Inventory
Ore in process Prepaid expenses and other assets 27,091,209
Plus:
Restricted investments in term deposits
Plus a $4,500,000 FT placement done at .30 just a couple months ago.
FNI is trading at $20% of cash A deal with FNI could benifit both companies and maybe get all 3 mines back in production.
JMHO
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